CONSTRUCTION LOAN EXPERIENCE???

diymirage said
so you end up paying interest on your sprinklers for the next 30 years?

no thanks

i dont know what the O.P. is talking about here, but if it is something like an RV pad, or sprinklers (or a lean to, im putting one up as we speak) i think the age old "dont buy it till you can pay for it" is the way to go

now, i understand sometimes you need to get something done in order to peek a place habitable, but to roll those costs into a 30 year mortgage seems like a poor investment

I get that it might not seem like the best investment but it might make sense in some cases. Most people now days don't live in there house for the full mortgage life, average is only 6 to 9 years. 3k over 6-9 years at 4-4.5 percent interest is better than a 21% credit card that unfortunately most people would use to come up with funds for the project.