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Old 11-18-2009, 09:14 AM
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Join Date: Nov 2009
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Default Are there any loan plans to get cash out with
new homeowner first mortgage? I have an approved offer on a condo but the unit needs a little bit of remodeling. I have good credit, an approved loan, but it would be great if I could include the remodeling cost with my first mortgage rather than wait on the purchase and then get a second mortgage. The only option I have heard of is FHA's 203k but I am not using FHA for my first mortgage because the rates are higher than a standard loan. Are there any other options for me to get some cash out for the remodel?
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