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This mortgage gives a simple and convenient means for debtors to make renovations, repairs, or improvements totaling as much as 50{26f20f30ee20a77577e7f7bfce1a6703f32ebfa9c5baa4baadbf58fb7cc82b1f} of the as-accomplished appraised value of the property with a first mortgage, reasonably than a second mortgage, residence equity line of credit score, or different, more pricey financing method. Having the ability to have labor engaged on multiple areas of your own home at once will increase the efficiency of the undertaking and reduces your contractor prices.