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Financing Your ProjectThere are typically two ways to finance your remodeling project; a permanent loan and a homeowner’s line of credit. A construction loan is a short-term loan used to pay the bills necessary for construction while your home is being built. A permanent mortgage loan is activated at the completion of your project. Many banks have a pre approval process to help you get started with both your construction loan and permanent financing. Pre-approval usually requires: Once you and your lender determine what home loan amount best suits your needs, they will provide you with a step-by-step guide to the financing process.
Remodeling project advice from the experts you can count on—Simonson Lumber CompanyRemember two things will see you through your project: PROACTIVE PLANNING & PATIENCE.
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