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When You Find The "Almost" Perfect House, But Want To Make It Home.
I am reBlogging this post as part of the Eco-All-Stars February share the Link Love Challenge... It is such helpful information and could be time-appropriate for many in this economy...read JASON's post about the FHA 203(K) Renovation Loan just below...
This should lead it off quite nicely:)
Back in my early days of lending, I recall quite vividly the very first Rehab Loan I did. While I did some legwork in actually knowing the ropes of that particular product before advertising the bejesus out of a very niche loan, I still was caught like a reindeer in some oncoming car's speeding headlights when trying to get them closed in a streamlined sort of fashion. And then, I had it mastered. As my particular luck would have it, most of those programs disappeared shortly thereafter.
The echoes in the back of my head rang of a long-lost product I had only heard about and most of what I heard were borderline horror stories. The FHA 203(K) loan reared its mysterious head and stared me in my wide-eyed glance. I gotta admit, there was major hesitation on my part in even wanting to get involved in such a misunderstood product. I knew little about it and wanted to ... more
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