Using the FHA 203k loan to rehab your home and build equity. Instead of a traditional home equity loan the FHA 203k loan allows you to refinance the current mortgage and add money for repairs. It ends up being a new single lien at a great FHA rate without the hassel of the home equity loan process.
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It is certain, more now than ever, that the FHA program is the foremost program sought after by Texas residents looking to purchase or refinance.
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