Few mortgage lenders offer open-end loans. There are other loan options that wrap the purchase and renovations into one mortgage, and other ways to pay for improvements in general. An open-end ...

which will vote on accepting the loans, according to a Feb. 4 news release from Briner. Funds would be disbursed soon after. Briner expects money to go out by the end of February for local ...

An open-end fund issues shares to investors and redeems them upon request. Unlike stocks, open-end fund shares are not bought and sold between investors, but directly through the fund itself.

Please note that for purposes of this analysis, these conclusions apply regardless of whether the loans in question are open-end or closed-end loans.