Yes. At times it may be necessary to pay for a construction item prior to the funds being drawn from the loan. This may be necessary due to timing or a deposit the builders wants, but the lender will not allowed to be paid out.
Whatever the reason, as long as the costs are documented as paid and the inspector verifies the work is complete, the homeowner can get reimbursed for those funds. Be sure to discuss with the title company what forms and procedures need to be completed.
Yes. At times it may be necessary to pay for a construction item prior to the funds being drawn from the loan. This may be necessary due to timing or a deposit the builders wants, but the lender will not allowed to be paid out.
Whatever the reason, as long as the costs are documented as paid and the inspector verifies the work is complete, the homeowner can get reimbursed for those funds. Be sure to discuss with the title company what forms and procedures need to be completed.
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