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VA rehab and renovation loans embody all the advantages of a conventional VA mortgage together with zero down funds, decrease closing costs plus the flexibility to roll renovation and rehab costs into the identical loan. Qualifying navy members, veterans, and certain navy spouses who’re eligible to apply for a VA house mortgage usually need to know what their choices are for renovation and/or rehab loans for the property they purchased (or are considering) with a VA mortgage.

For brand new property developments, be it a HDB flat or a condominium, the Defects Liability Interval (DLP) is 1 yr efficient from the date of key assortment. During this time, the developer is required to rectify any issues with the brand new unit, at their own price, inside 14 days of the report – for defects which happen after the 12 months, you’ll have to interact a contractor at your own expense.

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