Mixed Use Property – Finance it Using 203k Instead of a Commercial Loan

Recently I started working with a client looking to buy a property with a commercial space on the first floor and 3 apartments above, one he will live in. It happens the property does need some updating so a 203k renovation loan was a great choice. I was reminded why the 203k solves problems for those purchasing a mixed use … Read More

HomeStyle Renovation Mortgage- 3 Quick Examples

  As a Loan Officer specializing in renovation financing I wanted to pass along 3 examples of how the Fannie Mae Conventional HomeStyle renovation mortgage has worked for clients of mine. My own view is this conventional rehab mortgage has not been explained well to consumers and not publicized well. I’m writing today to encourage those who either own a … Read More

Why a Home Renovation Can be Delayed & It’s Not Unusual

                                                Before                                                                                    After   In my role as a Loan Officer specializing in financing residential rehab projects with the conventional … Read More

Why Finance a Home Rehab Project ? “After Improved Value” is Why

 As I speak with clients and those referred to me who have questions about doing a home renovation project the subject of cost and finance is always present. My focus is providing guidance on how a home renovation can be paid for. What I mean by home renovation is either your current home or one you may be planning to … Read More

How to Plan a Successful Home Rehab from Bottom to Top

                                                                                                Before                               How to Plan a Successful Home Rehab from Bottom to Top After Recently I was with new clients purchasing an older home they will be doing a renovation project on after they close on the purchase. In speaking further about details the clients expressed to me they had not considered all the decisions to be made that will … Read More

How to Buy with 5% Down- HomeStyle + PMI

How to Buy with 5% Down: HomeStyle Conventional + Private Mortgage Insurance Anyone who has read my Blog knows I am a big advocate of buying a property with a rehab loan. The reason why is often such properties can be bought at a discount in a buyers preferred area. Meaning why not buy the worst house in the nicest … Read More

Rehab A Chicago Bungalow !

Traditional Size Bungalow above   Larger Yellow Octagon Front Bungalow   Being a Chicago resident I am very familiar with the traditional brick Chicago bungalow style home. My grandparents had one I spent a lot of time in while growing up. As a family we had many happy times there and made great memories. There was something about the basic, functional … Read More