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Tag: Loan

‘Rehab’ Loans to the Rescue

In the end it was another loan that came to the Mercados’ rescue: the Federal Housing Administration’s 203(k), also known as the F.H.A. rehab loan, which is designed to cover not only buying the home but also renovating it, and is then paid back like a regular mortgage. A hybrid that has been around for more than 30 years, the loan program has recently surged in popularity.

5 Reasons Your First Mortgage Should Be a Home Improvement Loan

Instead of making your first mortgage experience a frustrating one, turn it back into a great time full of dreams and possibilities. You can do this with home improvement loans like the FHA 203k and HomePath Renovation. These options can help you turn a fixer-upper into a diamond in the rough, eventually getting your dream house. And it’s your first mortgage!

A Perspective on the Standard Sale vs the 203K Rehab Sale

I see firsthand the potential savings that lie just below the surface of the FHA 203K Loan program. The value appreciation and subsequent positive karma derived from wise investing creates joy in those who benefit, and the money isn’t bad either. As a 203K consultant I’m constantly