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Buying a Distressed Home and Borrowing Repair Money

In this weeks episode of the Phoenix Real Estate Advisor podcast I have Shelley Martin from Suburban Mortgage back to answer a few more questions about how you could buy a distressed home and have the repair cost added the to the mortgage.

It's called a FHA 203k loan and it allows you to borrow up to $35,000 of additional money for repairs to the home. People were asking about what the money can be used for, is it more expensive then a regular FHA, what are the credit requirements and more.

Click here to listen to the podcast!

Please listen to the podcast and if you need more answer you can contact me at 623.362.3060 or call Shelly direct at 602.751.8127. Also you can visit www.valleyREadvisor.com for searching for homes and all your real estate needs.

Posted by Jay Otlewski on 12/09/2008 11:26 AM

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fha 203k, mortgage, real estate, phoenix, glendale, peoria, surprise, sun city, arizona

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Jay Otlewski

Glendale, AZ

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RE/MAX Integrity

Address: 20241 N 67th Ave A-1, Glendale, AZ, 85308

Office Phone: (623) 362-3060

Cell Phone: (623) 271-4234

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A blog that serves the metro Phoenix, Arizona area. Topics include short sales, mortgage interest rates, credit scores, real estate, foreclosures and most anything related to buying or selling a home.

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