Home Improvement

Loan for new garage

By September 8, 2019 One Comment

Not sure if this is the right sub. Looking to add a standalone garage. Probably a $30k project. How do loans for this type of thing usually work? Can I wrap it into our mortgage? Will it have to be a separate loan? Not sure about all this. Any help appreciated.

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One Comment

  • rainshlne says:

    I think you have to open a construction loan that at the end of construction you have to process the construction loan to a reg. loan that you possible can consolidate with your mortgage.

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