July 2018

Found 2 blog entries for July 2018.

What You Need to Know About 203K Home LoansStandard home loans like traditional FHA loans and conventional loans cannot usually be used to pay for home repairs. However, there are some types of loans that can be used to pay for home renovations. The 203K loan is one of these loans. Home buyers who want to purchase a home with this type of loan should understand how the home improvement portion of the loan works, how they can qualify for this loan and what the advantages and disadvantages of a 203K home loan are.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

203K Home Loan Basics

The 203K home loan is a loan for home buyers who want to purchase properties that need home improvements. Sometimes

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Conventional Home Loan Lender RequirementsThose who can pay cash may want to start looking for their dream home right away. Most average homebuyers will need to take out a home mortgage loan, conventional loans being the most common option for potential buyers. With a conventional home mortgage loan, there are a number of requirements that lenders take seriously and not meeting them will make it hard for an applicant to be approved for a Westminster home loan. However, many have taken charge of their situation, inquired into lender requirements and been motivated in making the changes necessary to practically guarantee approval of their application. What should potential home loan applicants know about lender requirements?

Learn more about important requirements related to a conventional

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