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Home Renovation & 203(k) Mortgages – How does it work?

Have you ever thought about home renovation, purchasing a fixer upper, and remodeling it?  For instance, maybe purchasing a foreclosed property or short sale?

In today’s Real Estate market, this is becoming an increasingly popular choice for First Time Home Buyers.  In other words, inventory is tight, and prices are going up.  Therefore the thought of purchasing a distressed home, and doing home renovation is very appealing.

In this video, our Executive Vice President; Roger J Sanchez, explains how a 203K Mortgage or Conventional Home Renovation Mortgage works.  Above all, you will learn everything you’ve always wanted to know about how to make this dream a reality.

Rate House Mortgage Company has locally licensed Mortgage Professionals that will explain how you can purchase a home and remodel or renovate that home, with one simple mortgage.  Therefore you can reach out to us if you have any questions about purchasing a fixer upper and getting a mortgage to remodel it at the same time.

Call our expert team at 888-91-RATES to speak with a professional about any home or mortgage questions yo might have. We at Rate House Mortgage Company are always ready and happy to help and educate potential home buyers!

 

Video Link:  https://www.youtube.com/watch?v=ZH5uM_JJ13w

Learn about Home Buyer Closing Costs: https://www.theratehouse.com/2018/04/18/home-buyer-closing-costs-explained/

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