Question: I’m considering buying a home that I want to renovate prior to moving in, do I have to make payments on my present home and the new loan?Answer: One of the benefits of renovation lending is that you can build into the mortgage your new loan payments so that you don’t have two housing payments at the same time! This option is only available if the home is uninhabitable during construction. Each program has different time limits so if you are thinking about a renovation loan, let’s talk first!