jamboow
1 Answer
6dogs4us
It doesn't matter if you have a lien or not. Most people borrow money for a construction loan at the same time as they buy a piece of property, so the mortgage and the construction loan are one and the same. If someone borrows money for a construction loan after they buy a piece of property, you can still borrow the money if you have a mortgage. You would then have a mortgage and a construction loan to pay off.
| 13 years ago. Rating: 1 | |
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