Tag Archives: 203k remodeling

Over Come Buyer Objections with the 203k Renovation Loan

Posted on September 26, 2011 by admin

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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203k: The Secret to 1970′s Kitchens

Posted on September 24, 2011 by admin

Buying a home in “as-is” condition to many home buyers is scary thing.  Many people want homes in move in ready condition to make things simple.  But what if you find a great deal on an As-Is property?  Maybe there’s … Continue reading →

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What is a 203k Feasibility Analysis

Posted on September 24, 2011 by admin

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

Posted on September 16, 2011 by admin

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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Can I Use The 203k Renovation Loan to Buy a Condo?

Posted on September 14, 2011 by admin

The simple answer is YES, but there are a few simple guidelines you need to follow. Section 203(k) home rehab mortgages may be used for individual units in condominium (condo) projects that have been approved by FHA, the Department of … Continue reading →

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Lending Shrinks, Analysts Doubt

Posted on August 29, 2011 by admin

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

Posted on August 24, 2011 by admin

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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What is The FHA 203k and What’s In It For ME?

Posted on August 12, 2011 by admin

When it comes to real estate today, there’s a program that covers home buyers and homeowners alike. Whether it’s repairs or renovations on a purchase, or upgrades, improvements or redecorating the home you own, many projects can be financed through an FHA 203k mortgage loan. Continue reading →

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203k Consultants: Emergency-Egress Windows Too Small

Posted on August 6, 2011 by admin

An undersized egress window in a bedroom can spell disaster in a fire. The one thing that 203k Consultants and Appraisers  often fail to check is the required emergency-egress window from a sleeping room. As a 203k contractor, this is … Continue reading →

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Tell Your Clients, “Don’t Drop Dollars to Pick Up Dimes”

Posted on August 5, 2011 by admin

Buying a home with an FHA 203k loan is the one time in the vast majority of people’s lives where they will have a substantial budget to make a home look and feel exactly the way they want.  Using the … Continue reading →

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