If you found a home you love, but know that it needs some renovating, you may wonder if you can add the renovation costs to your mortgage. Typically, purchase mortgages don’t allow you to pay for anything except the cost of the home and possibly some closing costs. Compare Offers from Several Mortgage Lenders. There are a couple of loans that do allow this, though. Keep … [Read more...] about Can You Add Renovation Costs to a Mortgage When Purchasing?
home renovation financing
Did you know you could use FHA financing for multi-unit properties? It gives you the opportunity to invest in real estate without paying the higher investment loan rates and fees. The catch, however, is that you must live in one of the units. This makes it ‘owner-occupied,’ allowing you to rent out the other properties while using FHA financing. Get Matched with a Lender, … [Read more...] about How to Buy and Renovate a Multi-Unit Property With FHA Financing