If you wanted to obtain financing for this project you may want to consider refinancing into a 203k loan. It's an excellent loan product that builds $35,000 for improvements into the loan ($8,000 more for energy efficient upgrades). Rates for 203k came in at 4.75% today for qualified buyers. I specialize in this loan at Phoenix Mortgage Corporation, and I'd be happy to give you more information if you'd like! Feel free to call me at 978-944-6671 or send me an e-mail at email@example.com
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