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Updated almost 5 years ago on .

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25
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1
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Xavier Mc holder
  • New York, NY
1
Votes |
25
Posts

New construction home loan

Xavier Mc holder
  • New York, NY
Posted

Hey so I am purchasing a new construction property with some added upgrades that I have paid for out of pocket in full to the builder. The bank I am dealing with wants to add the amount of the upgrades to the Total sales price. Have any of you experience this before? should I look for another lender ?

I don’t see the benefit of doing this? Including the upgrades will mean that I now will be paying for them long term through my loan correct or am I missing something?