Profile picture for Lisagm

If you want to demolish and rebuild a home, what kind of mortgage can you get on the home?

  • Question refers to 29 School St, Brookline, MA 02446
  • March 01 2010
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Answers (2)

Home buyer:

You need to get a construction loan and I would recommend going to a local bank.  I would go to one that is located in the same town as where you want to do your work.  Most commercial loans are held in portfolio.  If you plan on living in this property you want to figure out if it will convert to a 30 year conventional or if you have to do a refi.  Best
  • March 01 2010
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Profile picture for shapiroamg
You will need a contruction or a renovation loan. Andrew Adams should be chiming in soon. Speak to him.
  • March 01 2010
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