mid city east: Is the 203k always the best choice for a renovation loan?
- 06/21/13 03:57 PM
Is the 203k always the best choice for a renovation loan? No, actually it isn't ALWAYS the best loan for the client. We are all about the client. As a 203k or more over a renovation consultant the 203k isn't always the best choice. What other choice is there? The FannieMae HomeStyle®Renovation Mortgage is one and the FreddieMac Renovation is another one. The FannieMae product is for SFR while the FreddieMac program allows for 1-4 unit more like the 203k loan product. The 203k has PMI or Private Mortgage Insurance now as a mandate and it stays with the loan for the duration... wasn't … (0 comments)
Is the 203k always the best choice for a renovation loan? No, actually it isn't ALWAYS the best loan for the client. We are all about the client. As a 203k or more over a renovation consultant the 203k isn't always the best choice. 
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