It’s not wise to take on any project without doing a little homework. With respect to the 203(k) talk it up, ask for recommendations and begin to gather an experienced “team” of professionals. You’ll be the team’s coach.
If it’s red – there’s lead! We tested this window last week. Are you buying an older home (prior to 1978)? Your real estate agent will ask you to sign a lead paint disclosure statement (An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards) encouraging you to consider having your home tested for […]
Whether you can whip up a bouillabaisse with your eyes closed or have enough take-out menus to paper the living room, at some point, you’ll have to face the sink. Take this kitchen quiz. GO HERE
There are many players on the 203(k) Team. Browse the chart below and see what task each member is responsible for. Note that the two main team members (ones with the most responsibility) are the Lender and the Client (they have the most X marks in each type loan). Also note that the Consultant’s role […]
Would you order a pizza without naming the toppings? Would you plan a trip without a road map (or at least an iPhone with a mapping feature)? Would you remodel your home and allow the contractor to make choose the design? If you’re considering working with the FHA 203(k) Loan there are 5 important elements […]
Moving a house to vacant land. An older home is being either torn down or moved. Your client has chosen to purchase the house and have it moved. She wants to finance the deal with an FHA 203(k) Mortgage. The borrower owns the land and has an agreement with house mover to relocate the building. The […]
Houzz is the leading online platform for home remodeling and design, providing people with everything they need to improve their homes from start to finish – online or from a mobile device. From decorating a room to building a custom home, Houzz connects millions of homeowners, home design enthusiasts and home improvement professionals across the […]
This week, Congressman Howard “Buck” McKeon (R-CA 25) and Congressman Scott Peters (D- CA 52) introduced H.R. 1997, the Communities Achieving Sustainability Act (CASA). CASA Authorizes the Housing Urban Development (HUD) to make 203k loans to small investors for a 2-year period. This legislation will help revitalize communities (especially those hurt most by the recent […]