Buying an old home can seem daunting; especially the fixer-uppers. The old owner could have started renovating some of the rooms of the house you’re interested in buying, but other parts of the home may as well be from the stone age because they’re just that dated. The renovations can add-up quick, who wants all that headache when buying a home?
You can borrow up to 20% of the homes current value, up to a maximum of $40,000 for improvements. So, if you’re buying a $150,000, you can borrow up to $30,000 to renovate dated parts of the home so that you’re not living in the stone age.
Let me help you put a plan in place to get some of the renovations done, and add most of the cost into your mortgage so that its not all coming out of your pocket. I will help you make the process of buying while renovating your home easy. After you’re all said and done, you mortgage will include most of the costs of the improvements so you’re not scrambling to get a line of credit to cover the renovations.
What are you waiting for? Contact me today to get the process started or click here to apply