So, you closed a construction-perm loan and now they want to refinance it. Since the 1st loan wasn't temporary, i don't see how this would be reported as anything but a refinance, with the information provided. This loan isn't replacing a temporary loan, so the guidance on purchases wouldn't apply in regards to replacing a construction only loan.
Last edited by raitchjay; 08/30/22 09:24 PM.
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I'm fixin' to fix that.