Having additional living space on your property can bring many benefits, ranging from mere convenience to additional income that can last for decades. Typically, people build accessory dwelling units, also known as “ADUs” or “granny flats” on their property...
When you remodel a home, you can reasonably expect to increase the value of your property. But by how much? What’s the return-on-investment, or “ROI” on a remodeling project? Will you get all your money back? Will you make...
Thanks to increases in loan limits, a cooling of the real-estate market, and home prices remaining high in many areas, the time is right to use a HomeStyle Renovation loan from Fannie Mae. These loans allow you to purchase...
There are two types of home buyers, those who want to buy an existing home in an established neighborhood or subdivision and someone who wants a brand new home that’s never been lived in before. New construction vs. existing...
Fannie Mae’s HomeStyle Renovation program is an essential option for many borrowers. Sometimes a borrower wants to purchase a home that needs significant upgrades, repairs, and improvements, but most mortgage products only provide enough funding for the purchase of...
Looking for a loan that will allow you to purchase a property and make renovations? You’ll have a few options to choose from, but the best may be a HomeStyle loan from Fannie Mae. Let’s explore why these renovation...
Sometimes in the dead of winter, homeowners start to think of making some changes to their home. Just to freshen up the place and move some things around. Maybe upgrade the kitchen with new appliances and while they’re at...
We would all like to make our homes more energy efficient, but paying for these improvements can be costly. Installing a solar water heater, for example, costs an average price of $3,376 according to HomeAdvisor; if you have a high-end...
The HomeStyle Renovation loan program is one of the best options for purchasing a house and making necessary repairs or desired upgrades. Offering affordable financing in one loan, you can get the money you need for not only the...
Renovation loans are an essential part of the real estate industry. While they may not be used in every transaction, these programs often assist with buying and selling, and they can be crucial for increasing home values and improving...