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Renovation Loans
Have you fallen in love with a house that despite it’s rough exterior, it “has potential”? If you’re looking for a new home to live or invest in, buying a fixer upper is a unique option that has significant advantages.
Aside from being able to purchase the home at a lower price, you can also remodel it to its “full potential”, such as installing a new kitchen, updating the floor plan, maybe even putting in a pool ... all of which can increase the home’s value.
But these renovations can be costly — often tens of thousands of dollars.
What’s more, a conventional mortgage won’t cover these costs.
So if you want to buy a home and remodel it, how can you pay for the renovations?
That’s where rehab loans come in.
So what are your rehab loan options? And more importantly, which one is right for you? Contact me TODAY and lets discuss your situation and see which one is the prefect fit for you!
Aside from being able to purchase the home at a lower price, you can also remodel it to its “full potential”, such as installing a new kitchen, updating the floor plan, maybe even putting in a pool ... all of which can increase the home’s value.
But these renovations can be costly — often tens of thousands of dollars.
What’s more, a conventional mortgage won’t cover these costs.
So if you want to buy a home and remodel it, how can you pay for the renovations?
That’s where rehab loans come in.
So what are your rehab loan options? And more importantly, which one is right for you? Contact me TODAY and lets discuss your situation and see which one is the prefect fit for you!