HomeStyle renovation loans create new buying options for borrowers all across the country. For many reasons, the time could not be better for using this financing, which allows you to fund a purchase and renovations in a single loan. Why...
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 many VA loan myths, especially related to permitted work and home appraisals. These myths, unfortunately convince some people avoid VA loans. However, with the right information, you’ll see that a VA loan is a great option if...
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...
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...
Every seller wants to get the most value from their home. In many cases, this means making updates to the property; updates that will attract buyers, increase bidding competition, and enhance the perceived value of the property, which can...
It can be difficult to pay for repairs, which is why so many people choose renovation loans. When an emergency repair, such as a leaking roof or cracked foundation, occurs in your home, it needs to be handled quickly....
We’ve been talking a lot lately about home renovations; specifically, we’ve been talking about how to finance your home repairs and improvements. If you’ve been following our blog, you likely understand the basics of HomeStyle Renovation Mortgages from Fannie...
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...
What is a Non-Qualified Mortgage (Non-QM) and how does it help Southern California homeowners? First, a brief history on what makes a mortgage loan product a "QM", or “Qualified Mortgage.” The Consumer Financial Protection Bureau (CFPB) is an independent agency...