Since preconstruction properties typically take 18-24 months to complete, buyers do not have to tie up 100% of the property’s value in financing.
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1. What are the financial advantages of deeded home ownership? 2. Am I free to choose my own mortgage lender? 3. Can I deduct my property taxes at GrandView? 4. Does home ownership provide tax advantages? 5. If I sell my GrandView home, do I get to keep the profit from the sale? 6. Can I refinance the mortgage on my GrandView property? 7. Can I take out a home equity loan or a reverse mortgage on my GrandView home? 8. Can my GrandView home be part of a trust? 9. Is a GrandView home a good investment?
7. Can I take out a home equity loan or a reverse mortgage on my GrandView home?
Yes. As a homeowner you may take advantage of the potential cash flow and tax deductibility features of a reverse mortgage or home equity loan.
