TeachMeFinance.com - explain Rehabilitation Mortgage
mortgage -- a mortgage that covers the costs of rehabilitating
(repairing or Improving) a property; some rehabilitation mortgages
- like the FHA's 203(k) - allow a borrower to roll the costs of
rehabilitation and home purchase into one mortgage loan.
Rehabilitation Mortgage -- A mortgage that covers the costs of rehabilitating (repairing or improving) a property.
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.