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Old 01-02-2014, 10:08 PM   #17
ranchlandsselling
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Join Date: Jan 2011
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Quote:
Originally Posted by REDVAN View Post
Somewhat related. Question for others who have/are building new.

I don't want some of the stuff the builder offers. Specifically, I don't like their fireplace supplier and would rather get one through another supplier, which the builder won't like very much...

Will my bank allow me to include stuff that is not purchased through the builder on my mortgage? ie/ can 450000k go to the builder, and 10k go to a separate company?

I guess my question is, since I am a newbie to mortgages- can I take out a mortgage and use the money to pay different people, and can I pay for more upgrades to the house after I take possession and pay the builder their price- or is my mortgage a one time lump sum that I must give in entirety to one payee?
Yup, something like that can be arranged. Pm me if you want to look into it.
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