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

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

Investors Need Cash for a Home Rehab ? Try HomeStyle Mortgage

Recently I was speaking with an investor who buys old houses or foreclosures to rehab and sell. His business model is not to retain these homes and lease to tenants. Rather he buys, rehabs and sells for a profit to replenish his cash. He was telling me he uses all his own cash as he hasn’t found a bank to … 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

First Time Buyers Can Add Money to Rehab in One Mortgage

                                                                                       First Time Buyer? Do you know a mortgage exists that includes rehab                                                                                                                                        funds ?  In one Loan ! If you have read my Blog before you know it’s my passion to spread the word about renovation mortgages !   It’s the best kept secret in home buying. Buy the home with a small down payment and add … Read More

How to Buy & Finance a 2 Unit Property with a 203K Loan

How to Finance a 2 Flat Rehab As part of my job in assisting clients with financing of properties and related renovation costs I answer many questions.  One frequent question asked is, “Will it be worth all the effort ?”.  Meaning will it be a good financial move for them, will the project turn out pleasing them, will the renovation … Read More

Don’t Walk Away From a Fixer-Upper – Use HomeStyle to Buy & Rehab

                                                             Don’t Walk Away From a Fixer-Upper                                         Use HomeStyle Renovation Mortgage to Buy & Rehab It                                                                                                                                            My goal as a Loan Officer is to get the word out and educate everyone on how to buy property and add money into the same loan to do remodeling and updates.  One of the least known mortgages out there is called … Read More