203(k) Loan Roles and Responsibility Chart

Diagram showing 'You' at the center of five roles: Lender, Consultant, Contractor, Agent, and Appraiser.

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 […]

5 Most Important Elements of the FHA 203(k) Bid (video)

Gary Smith - Home Inspector - Picture of House on Money

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 […]

3 Land Mines to Avoid When Moving a House Using an FHA 203(k)

A yellow single-story house with a cluttered yard and green lawn.

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 […]

5 Warning Signs of an Unsafe Deck

A staircase leaning against a house at an awkward angle.

There about 40 million decks in the US. About 1/2 of them need either repairing or replacement. The cause? Improper construction or/and lack of maintenance. July 28th – 2013 :: Tinley Park, IL Fourteen people were injured Saturday night after the second-floor deck of a home in the 16700 block of Beverly Avenue collapsed during a party […]

Successful Kitchen Remodeling

Homeowner’s Workbook: How to Remodel Your Kitchen General contractors, home builders, and more ∨Before you throw your next party, browse a wide selection of bar glasses, glassware sets and serving trays. Share photos of the kitchen cabinets and kitchen sinks you like with a top kitchen remodeler in your area.