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633 mortgage broker q&a (market update, using equity, refinancing, loan structures, FHB & investors) + more

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How to Get the Right Advice Before You Start a Subdivision

I would always borrow more than I needed if I could, especially with a subdivision. You get the right advice not just finance wise but also when you're doing a development like this to make sure you know exactly what that project is going to cost you before you start. So let's say engineering, planning, DAs, all these, I suppose, research fees at the start are going to cost us an extra $50,000. We'd want to get a build loan for $550K in that example. Well, you'd actually want to get the any of those extra Ks at 50,. That extra 50, you want to get that out of the contract,you want to

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