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Easy Money For Backyard Renovations in Texas
By Leesa Sandoval
The hot Texas summer is coming so wouldn’t it be nice to renovate your backyard? Maybe add a pool or an outdoor kitchen? Or maybe you are just in need of some landscaping. Regardless of your need the Fannie Mae HomeStyle Renovation loan is going to be the answer. By saying this of course I’m referring to a refinance of your current mortgage but if you are simply in the market for a new home the Fannie Mae HomeStyle Renovation loan can help as well.
Read MoreHow FHA 203k Rehab Loans Are Made
By Leesa Sandoval
This is a great illustration about how the FHA 203k Rehab loans are made and how they can be used to either purchase or renovate your dream home. Please keep in mind that while all the options mentioned in the video are available there are still certain minimum requirements to meet. All loans are available in Texas, Louisiana, Arkansas, New Mexico, and Oklahoma.
Read MoreBuying a Home in Need of Repairs – FHA 203k Loan
By Leesa Sandoval
The FHA 203k loan was designed to render aid and help get these homes sold. The borrower can get just one mortgage loan, at a long-term fixed rate, to finance both the purchase and the rehabilitation of the property. To provide funds for the rehabilitation, the mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work.
Read MoreImportant Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction
By Leesa Sandoval
Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing.
Read MoreMoney Back At Closing For Home Repairs With A VA Loan
By Leesa Sandoval
In the majority of cases, VA loans do not allow for money back at closing to cover home repairs. The one exception to this rule is in the case of energy-efficient home improvements.
Read MoreHow to Sell a Home with the Escrow Holdback Program
By Leesa Sandoval
As a listing agent what happens when you have a great foreclosure listing but the AC condenser goes missing? The seller doesn’t want to replace it because it will probably go missing again and they have already put enough money into the house being that it’s a foreclosure. The buyer doesn’t want to replace it until they own the home so…what are your options?
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