Definition of Rehabilitation Mortgage

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TeachMeFinance.com - explain Rehabilitation Mortgage



Rehabilitation mortgage -- a mortgage that covers the costs of rehabilitating (repairing or Improving) a property; some rehabilitation mortgages - like the FHA's 203(k) - allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage loan.

another definition...

Rehabilitation Mortgage -- A mortgage that covers the costs of rehabilitating (repairing or improving) a property.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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