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My construction loan has been approved for 6 months, what would happen if the house is not ready by then?

April 26, 2017Approved Construction House loan months ready

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My construction loan has been approved for 6 months, what would happen if the house is not ready by then?

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• A. In the event that a construction loan comes due before construction is complete, there is an extension clause in the loan. There are very few circumstances where this would happen.