Renovation Guru saying... "You Don't Need Renovation Loan"?! Honesty is the best policy... And the truth is, sometimes, you don't need a renovation loan. Here's the skinny on the loan that saves you from doing a renovation loan. REPAIR ESCROW LOANS Imagine you've just found a beautiful house o
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04/28/2011
Let’s face it folks, the FHA 203K can be intimidating, even for a season tradesman. As with anything, a well thought out plan can save you countless time and money. In this blog, I’ve compiled a simple list of 10 helpful tips for selecting your contractors. This advice is FOR THE CONSUMER. I didn
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04/25/2011
Federal Housing Administration (FHA) 203K process can be confusing. The reason 99% of mortgage lenders don't do them is because they have a LOT of moving parts... Contractors, appraiser conditions, specialty inspectors, underwriters, loan officers, county code, construction principles, engineers,
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04/22/2011
On an FHA 203k Renovation Loan, the money that is set asidefor the construction goes into an "escrow account". These funds actually sit with the bank until a DRAW REQUEST is properly completed, endorsed and submitted, requesting those funds. How many times have you heard about people WAITING 60
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04/19/2011
