can you refinance property in Cali if you have blue prints for the home?
mother of 3 asked:
We bought property and are building a home but it is just a shell. We would like to refinance the property due to the fact that we now have blueprints. A real estate agent told us we would be able to do it. Is this true?
shabazz f i would like to e mail you for more information. please let me know
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We bought property and are building a home but it is just a shell. We would like to refinance the property due to the fact that we now have blueprints. A real estate agent told us we would be able to do it. Is this true?
shabazz f i would like to e mail you for more information. please let me know
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Tags: Blue Prints, Blueprints, Real Estate Agent
February 19th, 2009 at 5:15 am
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take it up with zoning board
February 21st, 2009 at 3:20 pm
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I’d call the bank/institution that it’s financed through and find out for sure.
It doesn’t sound right to me, but I’m nowhere near an expert in the field.
February 21st, 2009 at 3:51 pm
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Sure can, basically what happens is you get a loan based on the post value of the home once it has been completed, not what the home is worth now. I have done several of these loans and they are actually catching on as i did one on the east coast a month ago.