The FANNIE MAE Renovation will became much more attractive in 2014:
Up to 95% LTV based on after improved value.
About half the monthly MI payment you see with FHA.
No HUD Consultant Required which saves money and makes the contractors much happier and the transaction much smoother.
Did I mention, that Investors are allowed as well?
Added by Fred Price on December 7, 2013 at 3:52pm — No Comments
• Financing from $100,00 - $500,000
• Low 1% origination fee
• Use of funds: Large and/or multiple purchased during draw period (i.e., property improvements, business expansion, purchases of large equipment/vehicles/capital assets)
• 24 month draw period followed by a ten year repayment period with a balloon payment based on a 10/25 year term
• No annual…Continue
Added by Fred Price on September 4, 2013 at 4:58pm — 8 Comments
Added by Fred Price on August 25, 2013 at 10:30am — 1 Comment
Added by Fred Price on July 23, 2013 at 9:32am — No Comments
Flip your own house. Now is the time to renovate that property before you put it on the market in order to capitalize current market conditions...the perfect storm for your pocketbook.
Added by Fred Price on July 9, 2013 at 1:10pm — No Comments