Most times, the loan also include 1) up to 20% “contingency reserve” so that you will have enough funds to complete the furnishing in case it ends up costing more than the estimates budget /or 2) a provision that gives you up to about six months of mortgage payments so you can reside somewhere else while you are renovating, however, you will still pay the mortgage payments on the new home
Axiom Home Loan is here to make your home loan process very easy with technical advancement and proficiency that will guide you throughout your loan process. Starting with our FREE 203K Loan eligibility process.