We have home renovation mortgage loans that allow buyers to borrow money based on what the house is expected to be worth after the home rehab is complete. These same programs, sponsored by Fannie Mae and Federal Housing Administration, can be used to refinance your home to either keep or sell.
Our loan consultants buy investment properties so we do what we preach. Rental property is one of the strongest self-liquidating investments you can make. Here are just a few points:
- Finance renovation cost.
- Lower monthly payments.
- Look at properties you wouldn’t otherwise consider.
- Start improvements right after closing.
- Update the home you have rather than move.
- Cost are spread through the term of the loan.
We have both government and conventional home renovation loans. If you have an idea, then there is a way to make it work. Fannie Mae’s Homestyle loan and FHA’s 203K program are great ways to make the house of your dreams come alive. Many times the area where we want to live has older properties, homes that with a little work will be great investments in the years to come. By filling out a few questions, we can get started.