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Showing content with the highest reputation on 12/25/2019 in all areas

  1. 1 point
    yoongf
    If purchase price is 2.7mil, and construction is 500k, total is 3.2mil. But if valuation of new similar hse in that area is 3mil, and loan is capped at 75%, the max loan u can get is 2.25mil. U might get 80% of the land purchase price, 2.16mil but that means loan for construction is capped at 90k, ie.. 18%.
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