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/

Home Buyer Closing Costs Explained

Learn a simple solution on how a seller’s concession (or a seller’s credit) can help you pay for your home buyer closing costs. Many home buyers save enough for the down payment, but not enough for the closing costs. We teach you that there are ways to become a homeowner even if you haven’t saved enough for closing costs.

Are you are buying a house for the first time? You might not be aware of all the home buyer closing costs that can apply to your home purchase. From home inspection fees, to origination fees, to loan expenses and more. We’ve created this informative video series to help educate home buyers on the buying process and give them the knowledge to make an empowering purchase decision.

Like what you hear? Speak to one of our licensed mortgage professionals to discuss your home buying options or sign up for our newsletter for more tips on how you can save when buying a home.

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=zpA-pAUeGoE

Learn about seller’s concession: https://www.theratehouse.com/2018/04/19/sellers-concession-can-pay-closing-costs/