Probably one of the toughest decisions we had to make, next to the counter-tops, was what to do with our flooring. We had a wood floor with a beautiful painted surface. Unfortunately, it was a real challenge to keep it clean and the paint was wearing off. Plus the lighter blond finish didn’t really go with our cabinets.
[Read more…]Rehab Mortgage Loans for Remodeling Your New or Existing Home
May 15, 2018 by Leave a Comment
Want to build an ADU on your garage? Are you having a hard time finding a home that has your dream kitchen? Whether you are buying or refinancing a home, you may want to consider a “rehab” mortgage. At Mortgage Master Service Corporation, we currently have a couple options available. [Read more…]
Where do I start with an FHA 203k Rehab loan?
August 7, 2014 by Leave a Comment
I just received this question from one of my readers:
My wife and I are very interested in pursuing a 203K type mortgage, but do not know where or how to start. I would appreciate any assistance you could offer. Thanks!
An FHA 203k mortgage allows improvements to be made to a home using an FHA insured mortgage. The borrower is able to finance the cost of the improvements with one mortgage. Since it is an FHA mortgage, it has a reduced down payment, FHA upfront and monthly mortgage insurance and the loan is subject to FHA loan limits in the county the property is located in.
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