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What if the price of the repairs increases once the work begins, can I borrow more money to cover the cost?

April 26, 2017borrow COST cover increases money price repairs

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What if the price of the repairs increases once the work begins, can I borrow more money to cover the cost?

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No. You need to find a contractor that can give you an accurate price before you take out your loan. Once you have the loan you can not borrow more money. Discuss this with your contractor when you have the estimate done so that they know you can not afford to go over the estimated cost.