Home renovation loan

Better than FHA 203k: Smart alternatives for fixer-upper renovations.

Here in the Greater Boston area the real estate market is red hot and moving fast. The current market is creating unprecedentedly low housing inventory. Inventory is scarce for many buyers, leaving buyers wondering when the next potential house will come along that suites their needs. This makes an FHA 203k Rehab loan a very viable option.Regardless of the market, a rehab loan in MA is available to most borrowers to access money to do necessary repairs or renovations to a home you just…

When house-hunting for your new home, you might discover one that would be perfect for you but needs a bit of TLC. Don’t worry! An FHA 203k rehab loan is there to make your dreams of homeownership come true. This loan allows you to borrow both what you need to purchase the home and what […]

When dreams of home-ownership start knocking, finding that financial foothold often leads us down the path of mortgage hunting. Cue the FHA loan, a key player in making homeownership more attainable for many. If you’re diving into the real estate deep-end and wondering “how to apply for a FHA loan,” buckle up! Let’s navigate this process together with ease and smarts. https://www.youtube.com/embed/MDHZLjBIUyM Understanding What FHA Stands For and Its Benefits At its core, the Federal Ho...

Discover USDA Loan Requirements for 2024. Learn how USDA loans facilitate rural homeownership with no down payment and flexible terms. Unlock homeownership now! #homeownership #firsttimehomebuyer #homeloans

How to get the best loans for home improvements and remodeling as well as for home repairs. Options include home equity loans, Helocs, and FHA loans.

Whether you’ve just moved into your home or you’ve lived there for years, there’s a good chance it’ll need work at some point. However, home renovations can be expensive — averaging around $46,780 for a top-to-bottom remodel, according to HomeAdvisor — and most people don’t have the extra cash to fund projects. This is where a home renovation loan can come into play.

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Here are 4 reasons you should think about refinancing your home loan. A great time to refinance is when you have enough equity in your home to remove PMI. You should consider refinancing when you want to take cash out, perhaps for home renovations. Debt consolidation is a great reason to refinance. Also, if you want to get a better rate, or lower your mortgage payment. #mortgage #refinance #realestate

Can't decide between a construction loan vs a HELOC? Prosper can help you pick the best way to finance your home renovation project!