Is this a refi or conventional scenario?
As new home construction ends, and construction loan matures, is it considered a refinance as a permanent loan is established? by ozzie44cool from Norfolk, Virginia. Feb 28th 2011
Joshua Crater (Rate1st.com)
#203 ranked lender in California - 47 contributions
Yes, it is considered a refinance into a permanent loan, very easy to do just can't close & fund until construction is complete. You can go to http://www.rate1st.com/ to quickly view our rates for today and calculate a payment. Please email staff@rate1st.com if you have any questions
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