Looking to buy or sell a home in Athens, Georgia? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (706) 621-6085 for a FREE home buying or selling consultation to answer any of your real estate questions.
Today, a good friend of ours from Cornerstone Home Lending Inc joins us to talk about a great new loan they offer. The question many homeowners want to know is, "How can you get money in your mortgage to fix or rehab a house?" Today, our friend Russ Tanner answers just that.
The answer to that question used to be you either get an FHA loan for around $2,000-$3,000, or you go to a local bank for a short-term construction loan before going to a lending company to get a permanent long-term fixed-rate type mortgage. Either way, you're making separate payments and are often getting not so favorable terms.
We're happy to introduce the Cornerstone Rehab Loan, which allows you to get one loan to both buy a home and do the renovations you want to. It's a streamlined way of borrowing money - you only have to close one time, with one set of fees. If you have the plans ready and get the specs in for an updated appraisal, you will be able to get this convenient loan.
It's designed to make the buying and renovating process a smooth, simple process. This rehab loan can save you a lot of headache if you were worried about getting a construction loan, about having to get two separate appraisals, and about dealing with two sets of closing costs.
If you want a streamlined process that makes renovating your home a whole lot easier, give us a call. This loan also provides you with the benefits of being fully approved, which gives you the upper hand when competing with other buyers. Feel free to reach out to us with any questions you have about this great opportunity. We look forward to hearing from you!
