Rehabilitation mortgage

David J Zwierecki

Phone 888-418-4467 • Fax 440-614-0134

30590 Lorain Road • North Olmsted Ohio 44070

Rehabilitation mortgage

A mortgage for the purpose of repairing and improving a resale home or building.

When doing renovations to your home with a rehabilitation loan look at what the cost of the rehabilitation is going to cost versus how much the home will be worth after the rehab. is done. You don't want to overdo the home and put a ton of money into the home and only get half, or less, of the money paid for the rehab. work back.

Also known as a FHA 203K rehab loan. You need at least $5,000 in repairs in order to get the loan.

You may be able to get a loan based on what the home will be worth after the renovation is completed. This type of loan is referred to as a Renovation or Rehabilitation Loan.

Fannie Mae Homestyle mortgage is a good rehabilitation loan.

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Other Websites:
Mortgage Broker | Cash-Out Refinance | Home Equity Line of Credit | Loans for Investment Properties | Increasing your homes value

FOR ADDITIONAL INFORMATION ABOUT THE SERVICES I PROVIDE, VISIT MY OTHER WEBSITE AT:
Akron-Canton Mortgages

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