203(k) is the Way. Do not let Others Sway You Away From it. - 10/26/09 07:01 AM
Hello everyone, I said it before and I'll say it again. Most will tell to see a Realtor first, “and I agree”. However, try getting a consultant involved first and see what happens. I will give you a scenario I had 2 months ago. A first time buyer called me from Michigan. They saw my postings all over the internet. The sweet women said she found a house that needed a lot of work but she had a vision of what it could look like. Before I let her go too far and before I sent her to a Realtor and … (2 comments)

203(K) - 10/18/09 02:06 PM
 
Are contemplating purchasing a home that needs repairs, if so, then the 203(k) or 203(k) streamline is the way to go.
Whether it needs just a little TLC like paint or new counter tops or major renovations, then you want to seriously consider the FHA 203(k) loan programs.
Realtors and mortgage professional can utilize the 203k loan program to sell more properties to clients and prospects that otherwise either don't have the funds - or don't want to use personal funds - to "fix the place up".
KEY PRODUCT FEATURES OF THE 203(K)
The 203(K) is a FHA loan that allows … (0 comments)

These are Prime Times For The FHA 203(k) - 10/08/09 09:44 PM
The 203(k) program has been HUD's primary program for the rehabilitation and repair of single family properties for the past 30 years. As such, it is an important tool expanding homeownership opportunities. The program enables homebuyers to finance a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home. 203(k) fills a unique and important need for homebuyers. When buying a house that needs repair or upgrades, homebuyers usually have to follow a complicated and costly process.
The interim acquisition and improvement loans often have relatively high interest rates, short repayment terms … (0 comments)

 
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Michael Grace

New Providence, NJ

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203KConnection.org

Address: 1253 Springfield Avenue, Suite 203, New Providence, NJ, 07974

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