October 7th, 2013 6:23 PM by Teresa Molina
It's financing from the ground up.
Affluent home buyers are building their dream mansions by signing up for jumbo construction loans that cover extravagant projects, including indoor swimming pools and multicar garages. Some are using construction loans to build their vacation homes. And others are using them to pay for major renovations, like adding extra bedrooms or extensions, to their existing homes.