What a difference six months can make to our industry! I used to say “consider a renovation loan if move-in ready perfection is not in your clients budget.” Fast forward six months and what I am saying now is …”if that perfect home has multiple offers you might need to consider counseling on utilizing a renovation mortgage loan.”
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Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps.
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