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Buy a home and remodel it with the same loan.
This revolutionary new lending concept is now available.  If you are considering investing in a foreclosed property, chances are you will be looking at a lot of properties with a wide range of defects.  What happens next can be summed up in one of three scenarios.  One You purchase the property because you are very good with home repairs and you have additional money to complete the repairs on the home of your dreams. Two You purchase the home hoping some where in the future you will come up with the extra cash to complete the required repairs.  Chances are, you have seen the effects of these hopes and dreams in some of the foreclosed properties you have viewed. Three You purchase the home and you choose a lender who offers a home repair and remodeling program. There are a number of programs available for scenario number three.  Choosing the right loan is as important as finding the right home.  You should consider the following options while shopping for a loan. What are the closing costs. What figure will the loan amount be based upon?  Very few loans are based upon an appraised value which considers the increased value of the ... more

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