Renovation loans are similar to a cash-out refinance. Since they are usually a first mortgage, all existing liens will have to be paid upon closing. Not all funds may be released at closing but may be held in escrow to be paid out in draws as the work progresses.
3511 Shady Brook Dr, Augusta, GA 12345
(123) 456-7890
info@example.org
Mortgage Corporation | NMLS# 12345
Ron Beckert NMLS# 12345; VA Mortgage Loan Originator License #MLO-12345AB;
Mortgage Loan Originator License #ML123456.