Connecticut Market Report 4/3/2019
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What in the World can I do for You today?
You can change an ordinary house into the home of your dreams with a renovation loan.
Sometimes you need money to not only purchase, but improve a property. A renovation loan allows you to purchase the home "in its present condition" and then do the needed repairs in six months following the purchase.
All the money for the needed repairs is included in your new loan. The first part of the loan pays the seller, while the second part of the loan is put in an escrow account to be used as you do the renovation/rehab work to create the Home of your dreams.
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