Quote:
Originally Posted by Car-Addicted
You forgot one critical part. The BANK. Most banks will never let you get away with this. You will be forced into a construction loan with a time line to convert to a mortgage. Only work around is to self finance and few can do that.
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Maybe true then and now with some/most banks.. But I'm in the house still that I built 33 years ago with me as the general contractor. All worked out.
Ps. Yes, I did get a construction loan, converted into a 30 fixed loan 30 days from closing.