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construction loan to mortgage conversion indicate if the Mortgage is a Construction Conversion Mortgage or renovation mortgage. loan product advisor data fields Enter the following in the loan product advisor data fields: Mortgage Type – Select Conventional Purpose of Loan – Select Purchase or Refinance, as applicable. Purchase or refinance dependsConstruction Loan Draw Procedures Getting a loan to build your house is a complex process. Here’s how to do it.. or draw, schedule that follows the project’s construction stages and will typically be expected to make only.
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