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06.02.08, 08:10 AM General Topics
5 replies
Stupid question, but thinking about building a house rather than buying an existing, already-built house. Would I need to get a mortgage, or a construction loan?? Thx [ Reply | Watch | Flag ]
General Topics 06.02.08, 08:10 AM Flag
 

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i read that as thinking of buying a HORSE [ Reply | More ]
General Topics 06.02.08, 08:12 AM Flag
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ha - that would be a better question, I guess [ Reply | More ]
General Topics 06.02.08, 08:13 AM Flag
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a construction loan would still be secured by a mortgage on the property. [ Reply | More ]
General Topics 06.02.08, 08:14 AM Flag
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I agree - I was thinking more of how interest rates/terms would differ as between a traditional mortgage [ Reply | More ]
General Topics 06.02.08, 08:16 AM Flag
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I suspect that the bank would only be willing to grant a construction loan. [ Reply | More ]
General Topics 06.02.08, 08:30 AM Flag
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