In real estate jargon, a Handyman Special is a property that is in need of repair, a fixer-upper. The implication is that the property is a bargain for someone who can accomplish the repairs economically.
If you're looking for Handyman Special Homes in Point Pleasant Beach and the surrounding area (Lavallette, Ortley Beach, etc), look no further:
- Details: KERR AVE, #2, LAVALLETTE, NJ - $499,999
- Details: GOWDY AVE, POINT PLEASANT BEACH, NJ - $249,000
- Details: CORNELL AVE, POINT PLEASANT BEACH, NJ - $399,000
- Details: 8TH AVE, ORTLEY BEACH, NJ - $449,000
- Details: E ATLANTIC WAY, LAVALLETTE, NJ - $499,900
Wondering how you can purchase a Handyman Special Home around Point Pleasant Beach AND afford to renovate?
Whether the improvements you envision are large or small, necessary or optional, a "Purchase & Renovate" mortgage can help you explore renovation loan options.
- Potentially higher loan amount. Your loan is based on the property value after renovation, instead of its current value.
- Lower interest rate. First mortgage rates can typically be lower than second mortgage and credit card rates, which can help reduce renovation financing costs.
- Lower monthly payments. Financing your mortgage and renovation simultaneously spreads improvement costs throughout the term of your loan.
- Tax deductible interest.1 The interest on your renovation costs are part of your first mortgage.
- No delay. You can begin your renovation immediately after closing.
- Simplicity: There's only one application, one set of fees, and one monthly payment.
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