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Welcome
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Remodeling LoansRemodeling loans address the need to finance improvements on your home. Before remodeling loans, homeowners had few alternatives. These were 1) Pay for remodeling in cash. 2) Do a cash-out refinance based on the current value of the home. 3) Take out an equity line. This still places the burden of funding the remodeling on the homeowner. Remodeling loans solve this problem. Email questions on remodeling loans.
As a mortgage broker
specializing in remodeling loans, I work for you, taking the time to
understand your situation and placing your remodeling loans with the lender
whose remodeling loans match your needs. I have access to 22 lenders
offering remodeling loans.
Remodeling loans allow you to refinance your current mortgage or purchase a new home and fund the improvements. Remodeling loans are modified at the completion of the improvements to a permanent loan product. They are a variation of the "One Time Close" remodeling loans product. A major advantage is that we lend against the finished or "as completed" value of the property rather than the current value of your home. With other programs, you are out of luck if you do not have enough equity to complete the project.
I have included a list of the documentation needed to process Remodeling Loans , a section on Frequently Asked Questions, a section on remodeling loans draw schedules, and information on remodeling loan fees. They may require the use of a contractor. I have a section on contractor requirements and contracts.
A newsletter giving a detailed description of them available by email. One of the questions I frequently get from my clients is about finding a qualified and reliable contractor. After a great deal of research, I do recommend Reliable Remodeler. I have personally used their free service and was very pleased with the outcome. Please complete their contractor referral form for up to 4 local pre screened contractors. As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service. New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement. I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.
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