Tag Archives: 203k home impovment loan

203k – Fact or Fiction?

By Deborah Garvin; I have a lot of posts about the 203k loan and continue to believe it is the most under used, misunderstood, and absolutely the most creative finance product available in today’s real estate market. Really, what other … Continue reading

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Realtors: Are You Shooting Video? You Should Be…

If you are a realtor, lender, contractor or consultant and you are not using video as part of your marketing, You are really missing the boat. We’re an ocular centric culture – meaning we have to “see it to believe it.” Video is the next best thing to being in a room with someone because we share so much more than we can write. Our writing may be more articulate, but it isn’t as real as watching someone’s body language.

Your audience can connect with you on a whole new level when you utilize video. They can see the energy behind your message. The true power behind video is this ability to establish a report much faster – and it doesn’t matter how Continue reading

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Over Come Buyer Objections with the 203k Renovation Loan

The 203k Renovation mortgage is the BUT LOAN! It takes care of all seller objections with the house, becasue all renovation, ugly repairs, smelly carpet, roof leaks, room additon, kitchen remodel of their dreams can rolled into one mortgage.

Ask your clients this, “If I could take care of the ( fill in the objection ), would you like to make an offer today?” Continue reading

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What is a 203k Feasibility Analysis

A feasibility analysis has a specific use… simply put, it is used to quickly determine  how much it will cost to renovate, repair or remodel the  property you are considering buying. It is also used approximate the FHA Minimum Property … Continue reading

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Buy Low and Renovate! Mortgages Can Pay For Home Renovation

Two little-known home renovation mortgage programs offer solutions for buyers and homeowners who want to renovate. Fannie Mae and the Federal Housing Administration have home renovation mortgage programs that allow buyers to borrow based on what the house is expected … Continue reading

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What is a Homepath Renovation Mortgage??

With the number of REO properties increasing, I’m being asked more often about HomePath financing.  HomePath financing is available for Fannie Mae REO’s with the HomePath logo found on HomePath.com.  There are approximately 300 properties in Sacramento today that are … Continue reading

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Use the 203K Loan for a Refinance??

It’s no secret.  Interest rates are excellent right now. They are hovering near all time historical lows. Homeowners all across the nation are cashing in on this opportunity and lowering their monthly payment, fixing their adjustable rate mortgage or consolidating … Continue reading

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Use 203k Loan to Update Before You Move In

This home in Winchester, CA needs some minor repairs to be move in ready. But some simple fixes can also be expensive. Use a 203k renovation loan to fix up your new home with no money out of pocket. By … Continue reading

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Lending Shrinks, Analysts Doubt

Analysts at Bank of America Merrill Lynch doubt government attempts to improve the mortgage refinancing process will help lenders build capacity. “The economics of the mortgage lending industry have changed,” the analysts said. “Originators used to have 2-3 points of … Continue reading

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HUD Good Neighbor Next Door and 203k Programs

How can you buy a house for half price, remodel it any way you want and move in with equity in your pocket? The answer is by using HUD’s Good Neighbor Program and combining it with their 203k Renovation Loan … Continue reading

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