You found a great 4 bedroom, 3 bath, 2 car garage with a large backyard and it's just a 5 minute commute to work! It is almost perfect, BUT the kitchen needs updating.New appliances, new counter tops, everything! You're wondering how you can afford a down payment and the remodel.
Did you know that lending companies offer mortgage loans that allow you to roll the cost of a remodel and/or repairs into one mortgage? This way you don't have to take out a second loan for the remodel/repairs at a potentially higher interest rate. The best part, once you have closed you can immediately start your repairs/remodel.
Visit your local lending company to learn more about all of the possibilities for making that great home into a perfect home!