Have you fallen in love with a home that won’t pass Fannie Mae standards for financing? Maybe it needs some renovations to bring it up to code. If you don’t have the cash lying around to pay for the home, you may think you’re out of luck.Compare Offers from Several Mortgage Lenders.There is Read more
Mortgage Loans for Purchasing and Renovating a Fixer-Upper
If you’ve fallen in love with a fixer-upper, you may find that it’s difficult to find financing. Your standard conventional loans or even government-backed loans won’t touch it. The home must be able to pass an appraisal to get this type of financing. So what type of loan can you get that will allow Read more
Is an As-Is Purchase a Good Idea?
There are several different ways to bid on a home. One common way many sellers have gone about it lately is selling their home “as-is.” This means the buyer agrees to purchase the home in its current condition. This condition could be good or bad. Basically, the seller states he is not going to Read more
What’s Better Fannie Mae HomeStyle or FHA 203K?
Today there are several options to purchase and fix up a home with one loan. This takes the headache out of having two loans and dealing with different rules. The two most common options available are the Fannie Mae HomeStyle loan and the FHA 203K. Both loans offer the same opportunity to fix up a Read more
The Fannie Mae HomeStyle Renovation Mortgage Guidelines
Fixing up a home is expensive. If you want to do it right after purchasing a home, it might not be a possibility for you after you make your down payment and pay the closing costs. One option you can utilize if you qualify for conventional financing is the Fannie Mae HomeStyle Renovation Mortgage. Read more
