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From: Wayne Addison
We are looking for some financing for our first IP. We are looking for a 100% IO loan and to use equity in our own home as collateral. The catch is... we are owner building our home (currently at lock up) and are finding most banks will only value our property at land value because it is still under construction.
Does anyone know a financier who may be able to help?
Thanks,
Wayne.
We are looking for some financing for our first IP. We are looking for a 100% IO loan and to use equity in our own home as collateral. The catch is... we are owner building our home (currently at lock up) and are finding most banks will only value our property at land value because it is still under construction.
Does anyone know a financier who may be able to help?
Thanks,
Wayne.
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