You set a budget and start shopping for your next dream home. After countless showings you just can’t seem to find that special home that fits the bill. You start walking through trade-offs and which home can come closest to being a good fit… but the reality is you feel like the compromises are too great. If only that perfect home for you was on the market for you to snatch up. If you are coming up empty, perhaps you should think about one that has a majority of what you want but with some renovations it could be the one. Now you have to figure out how to fund those improvements if you don’t have a bundle of money sitting in the corner waiting for you to spend it on home renovations.
Perhaps a loan that allows funding for renovations might be a viable option for you. Hear what John Johnson from the mortgage firm suggests.
https://www.youtube.com/watch?v=OG9AlsVw1lY
Interested in learning more or working with John? You can contact him at:
John Johnson
Mortgage Loan Officer
c: 407-973-0023
o: 863-899-2686
f: 407-358-5466
“About Me Video”, www.VideoAbout.Me
“About You”, www.AllAboutYouForm.info
Frequently Asked Questions
Can I finance renovations with my mortgage?
Yes. Renovation loans let you include improvement costs in your mortgage.
What types of renovation loans exist?
Programs such as FHA 203(k) and conventional renovation loans.
When does a renovation loan make sense?
When you find the right location but the home needs updating.
Related reading: Six tips when considering a HELOC for home improvements and When Is It Time to Repipe Your Home?
