What if there were a new economic engine for the United States that would put our people back to work without putting the government deeper in debt? What if that economic engine also improved our international competitiveness, reduced greenhouse gases, and made the American people healthier?
How can renovation loans help Atlanta?
A lot of people followed the story of a few months ago where the Atlanta Public School system would locate the new “Buckhead” high school, which is being built to deal with the expanding school population on the north side of Atlanta. No announcement has yet been made. APS has certain site criteria in determining [...]
Recent estimates indicate as many as 1 in 5 homeowners may be underwater (they owe more than their home is worth) so we will continue to see the short sale as a major player in the 2010-2011 real estate market. Many of these homes may qualify for traditional financing, however with many of these homeowners financially distressed it goes without saying that some may have not had the funds to pay for the traditional upkeep a home requires. That makes the FHA 203K renovation loan a perfect financing candidate for short sale properties.
Many Atlanta homeowners, however, also have some renovation needs they’d like to take care of as well. However, due to lower loan to value’s and declining property values they don’t think they have the room pull the cash out and go to work. Stand corrected homeowners in Georgia! Intro the FHA 203K for refinance!
Since mortgage rates can change several times a day, the following questions will help determine whether or not your lender truly knows what to look for so that they can provide you with the best rate once you’re in a position of locking in your loan
The Peters Team out of the Keller Williams office in North Buckhead / Brookhaven are top notch. They know their stuff and if you are buying in that area you’d be well served giving them a call. Here is a recent post of theirs about their last 203K transaction.
With the economy flat and home prices stagnant people are looking to get more out of their renovations. Whether it is a FHA 203K purchase or a Fannie Mae Homestyle refinance, going green with your new renovation will pay dividends for years to come.
Everyone in Georgia knows that water consumption can be a big issue. One look at my wilted lawn a couple of summer’s ago and you know that we don’t always have enough to go around. However, we can change that next time we tackle a renovation project with a few simple changes to the biggest [...]
FHA 203K renovation loans have been around for decades, but they have recently found a new use in helping people go green. FHA awards benefits in terms of higher allowable debt to income ratios along with loan amounts that can exceed FHA statutory limits. So, how can you use the FHA 203K to go green?
There is a huge demand for FHA 203K loans in the Georgia mortgage market and throughout the Southeast. That demand has prompted a lot of unqualified lenders and loan officers to attempt to grab their piece of the pie. This loan is not for rookie, it requires experience and expertise. Your choice of lenders is extremely important when pursuing a renovation loan.
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