It’s that constant game of tug-of-war: your imagination runs wild and your bank account reins it back in. For homeowners dreaming of their perfect house, this can be a source of great frustration. Many homeowners push aside thoughts of major home repairs or fun projects because they don’t have enough money saved up, but renovation loans can …
Understanding Renovation Loans
Unfortunately, it’s not always realistic to move into your dream home right away. If you can’t afford it, find a fixer-upper in your dream neighborhood with lots of potential. Then, instead of stumbling upon a perfect house, you can make a perfect house with the help of renovation loans. The government has created programs to help people …
Increased Home Equity: The Greatest Benefit of Renovation
In the midst of doing 3 renovation loans this month I am reminded of this post from a year ago. Interesting enough I am dealing with 3 purchase 203K renovation loans. The 1st has a sales price of 74K with 25K in repairs that was just appraised out for $126,000 an amazing 26% of walk …
What is a HomePath Mortgage Loan?
Many homebuyers seeking financing may take advantage of a type of loan devised by a lender to sell a foreclosed property at the best deal that the market would allow. This type of loan is called the HomePath Mortgage Loan, and one of the largest lenders in the US, Fannie Mae, is one such lender …
The Greatest Benefit of Renovation is Increased Home Equity
Sweat Equity Home renovation usually is deemed to be more practical and certainly less expensive in the Greater Springfield Missouri markets than buying a brand new home. It is also generally looked at as an investment precisely because renovations make it easier and faster for people to sell their houses. In other words, it increases, …
