as is: Fannie Mae HomePath Renovation Loan - An Honest Lender - All 50 States - 03/20/11 11:42 AM
Fannie Mae HomePath Renovation Loan - An Honest Lender - All 50 States Brent Kluge & www.HomePathworld.com bring you a brief video introduction to the Fannie Mae HomePath Renovation Loan.  Please subscribe to video and perhaps click 'Like', so we may continue to bring you these helpful and informative videos!As always, if you have any renovation finance questions, we are one call away!
Brent Kluge
PrimeLending
 
 
(0 comments)

as is: FHA 203K - 2 Step Process (Drop MIP & Lower Rate) - 02/05/11 05:32 AM
www.203kworld.com & Brent Kluge explain helpful hints on how to structure your FHA 203k to position yourself for a refinance where you will drop your mortgage insurance and potentially lower your interest rate when your construction is complete!   Please click Like and/or Subscribe!Please check backhttp://www.youtube.com/watch?v=joqNvLQWkKU   
(0 comments)

as is: 203K: "I am handy with a hammer" Can a borrower be their own general contractor? - 09/28/10 10:55 PM
203K Renovation loans are an amazing tool in this market.  This is by far the only loan that allows you to buy a house that is in less than perfect condition, then tack on money to fix it up and package it all in one nice loan with only 3.5% downpayment.  Not to mention, it allows you to go to 110% of the appraised value, with is a nifty little tool in this market as well...  BUT, can the borrower be his/her own contractor???  Hmmm... lets examine.
 
If you start your google search, you will find that HUD has a … (5 comments)

as is: 203K: Why is it so difficult to find a contractor to do this 203k? Answers within... - 09/16/10 11:43 PM

By and large, Contractors are a tradesmen, some better businessmen then others, but nonetheless, the primary need is for them to be good at what they do, their trade.  When we, as comsumers/homeowners, need to find a contractor to do a renovation job for us and we utilize the FHA 203k loan progam, it can be quite difficult to find a contractor that is qualified or even interested in doing this work!
Below are some items that will help you understand why and perhaps help clear up this disconnect and bring you to understanding during your contractor interview phase.
 
(18 comments)

as is: 203K: Bid Thy Own Kitchen and Save Thousands!! - 09/07/10 11:33 PM
What to do with a Kitchen Renovation....??? Hmmm...
 
Most people have this idea in their heads that a 'Complete Kitchen Renovation' costs $25,000.00 minimum and even MORE all the bells, whistles and good stuff!  Bollicks!
 
In my experience, both as a lender and builder, you can, EVEN AS A HOMEOWNER, do it for half or even LESS!
 
MOST 203K's require you to use a contractor, that is in fact the case... HOWEVER, there is no problem with you either letting the contractor know that you are handling the kitchen portion yourself and would even perhaps welcome his bid … (2 comments)

as is: 203K Guarantee.... If we don't close your 203K in 45 days... WE WILL DO IT FOR FREE! - 08/14/10 12:35 AM
So what is the biggest drawback with the FHA 203K ???  

They are not widely known and because of this, lenders will stumble their way through them...
 
 
 
 
 
 
What happens then?  They drag on for 90 or 120 days, if they settle at all...
 
I have closed over 3,500 203K's and have an amazing team.  We orginate in almost EVERY STATE in the Union!
 
Here is my guarantee:

IF WE DON"T CLOSE YOUR 203K WITHIN 45 DAYS.... WE'LL DO IT FOR FREE!
 
Thats right, for free.  We will still work … (2 comments)

as is: 203K - The 203k INQUISITION!! Ask thy lender questions! - 08/03/10 11:51 AM
So 203K's are all the buzz!!!  Great!  We knew this was going to happen.  Dinged and dented inventory is UP...  Interest Rates and qualification requirements are DOWN!
But why is it that only a fraction of these loans actually make it to the settlement table?
 
Well the answer is simple...  You were working with the wrong professional. 
Lets be clear, in today's information world, it doesn't take much to put up a website and claim that you are a this or a that. It is not hard to promote oneself as being an "industry leader" in something.  I mean the … (0 comments)

as is: 203K Refinance... Well worth it for many. - 05/03/10 12:28 AM
203K Allows for not only purchases but REFINANCES!

What is a 203K???  (a typical gov't title that means nothing)  No... Its a Loan Type.  It is a Renovation Loan.  A loan where you are allowed money to buy the house (or in this case, pay off the existing mortgage debt on a refinance) and also get money to fix the place up, all in one loan!
 
This is a tremendous opportunity!  you can fix your house up and get the money, right out of the equity in your home.  Some people have more than one mortgage.. maybe an equity … (0 comments)

 
Brent Kluge, I do mortgages REALLY well and I WON'T RIP YOU OFF (Senior Vice President, Secured Funding Corporation)

Brent Kluge

I do mortgages REALLY well and I WON'T RIP YOU OFF

Rockville, MD

More about me…

Senior Vice President, Secured Funding Corporation

Address: 412 H Street, NE, Washington, DC, 20002

Office: (410) 591-8300

Fax: (888) 557-5271

Brent Kluge's 203K & HomePath Renovation Blog Expert information for you for all your renovation needs focused on FHA 203k and FannieMae HomePath Renovation, HomeStyle and USDA reno. From planning, to process, to loans, to finding a match with a contractor, Brent Kluge and his team will guide you through the entire process and avoiding the pitfalls along the way.


Links

Archives

RSS 2.0 Feed for this blog