REFLECTOR: Construction loans

[Darrell & Nora Kufalk]

Home Equity is the way I did it.  Least amount of hassle.  You don't have to
explain to the bank what you need the money for.  There are no extra
insurance requirements.  And, the last I heard, the interest is still tax
deductible.

Darrell


-----Original Message-----
From: reflector-bounces at tvbf.org [mailto:reflector-bounces at tvbf.org] On
Behalf Of Mark Magee
Sent: Friday, May 04, 2012 9:19 AM
To: Velocity Aircraft Owners and Builders list
Subject: Re: REFLECTOR: Construction loans

Lawrence,
If you have equity in a home I would think a home equity loan would do the
trick possibly without near as much documentation and probably a better
rate.

Mark B. Magee
Sent from IPhone 4

On May 4, 2012, at 8:20 AM, Lawrence Epstein <ljepstein at hotmail.com> wrote:

> Does anyone have any experience on obtaining financing for an unfinished
project?
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