Subject Property Not In Perfect Condition? No Problem! Know All The Renovation Options!
Sometimes home buyers find a house in a perfect neighborhood that needs some personalized improvements. They love the home’s layout, the school district, the neighborhood amenities and more, but the appliances may need updating, the heating and cooling systems may need modernizing, the basement may need finishing and the kids just might like to have an in-ground pool.
Financing this “almost perfect” home with a traditional mortgage would leave the homebuyers on their own for any updates, repairs or improvements, but a renovation mortgage builds the cost of the renovations into the total loan amount. This course will help you understand the available loan programs for your clients!