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What Type of Loan for an Addition to a House? | Home Guides. – If your home has ample equity before taking the value of your addition into account, placing a second mortgage either in the form of a traditional home equity loan or an equity line of credit can.
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Construction Loans for Existing Home Additions – finweb.com – Construction loans can be great means of paying the costs associated with additions to existing homes. Here are a few things to consider about using a construction loan for that purpose. Construction Loan. Using a construction loan for an existing home addition can provide you with a lot of flexibility when compared to other types of loans.
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