203k loan: What is an FHA 203k Loan?
- 02/26/20 08:57 AM
An FHA 203k loan helps people finance both the property and the remodeling project. Lenders verify the property and the planned upgrades before issuing these loans. This is an excellent way to acquire homes with intentions of improving and flipping them for a profit. The greatness of the 203k loans is that you can buy and fix a new house in one only transaction. So how does it work? What is the process?
As you can tell, the other benefit from the 203k loan is that it is easy to execute, therefore, the borrower will build equity very fast since it is not a (1 comments)