HomeStyle renovation loan? How do payments work?

Asked by kevincollins1916, San Francisco, CA Wed Apr 24, 2013

My wife and I are looking to do the Homestyle renovation refinance and I had a question. How do you get the money out initially to buy materials such as kitchen cabinets, bathroom vanities, etc if you are redoing those rooms. The materials add up quickly and contractors won't start without them. Will they let you draw the money immediately to buy materials?


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