Mortgage Advice

February 26th, 2011 9:28 AM

In this current real estate environment , don't be afraid of a home that is in rough condition. You can pick out new carpet, get new appliances, put in beautiful kitchen cabinets, upgrade the bathrooms and still only put 3.5% down! Buy it at a low price and fix it up the way you want it.  With our government backed Home Improvement Mortgage you can finance up to $35000  in repairs into your mortgage to improve or upgrade your existing home or make repairs on a rough home you want to buy. That's right, if you find a bank owned house that needs updated, you can finance those repairs into your mortgage and still have a downpayment of only 3.5%.

With this "Fixer Upper" mortgage you can:

*Add a deck or porch     *Replace the furnace   *Remodel the bathroom

* Purchase appliances    *Paint inside and out    *Replace roof 

*New siding all around   *Update kitchen            *Install new windows 

*Refinish floors              *Install carpet              *And much more...

Avoid using credit cards for your home improvements. Keep your cash for furniture and decorating. Homes in Columbus, Franklin County, Hilliard, Galloway, and all Ohio are eligible. This Handyman mortgage can be used for owner occupied 1-4 family dwellings, town houses,row homes,HUD repos,condos or planned unit developments. Closing takes place before the repairs are done, the rehab money is placed in escrow. 

Follow this link to a report that explains how it works. http://www.box.net/shared/eferu7uk


Posted by Dave Miller on February 26th, 2011 9:28 AMPost a Comment (0)

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