Financing new construction project with average income

  • Erstellt am 2022-02-16 17:50:53

danielohondo

2022-07-15 19:37:30
  • #1

I don't know that at all. Did the bank want an expert opinion?
 

HnghusBY

2022-07-15 19:50:37
  • #2


In this case, the lender is an insurance company and they wanted an appraisal. The appraiser then went to the construction site to see if there was a risk, for example from natural hazards, etc. However, the loan had already been approved for us subject to the appraisal.
But I must also say that, for example, our submitted "cost breakdown," which we prepared ourselves without a signature from the general contractor, was accepted without any inquiries. In general, few questions were asked, and the contact has been perfect so far.
 

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