Spending a little more time in your home nowadays? Aren’t we all! All this extra time at home may have you considering home improvement projects like remodeling that kitchen or bath. Maybe working from home has you considering adding a home office. Well, I have two words for you – Renovation Financing. It’s our latest program here at Mortgage Gumbo. This seamless process will allow you to customize the renovation you need while building equity in your home. And it is available on a wide variety of loans including single-family, multi-family, and even investment property.
On last Saturday’s show, we were proud to have Victoria Dowling, the Vice President of Renovation Loans on the show. Victoria discussed some of the highlights of our renovation financing program. Simply put, this program allows the homeowner, on either a purchase or refinance, access to the money they need to make renovations and upgrades to their home. Financing is available at a low 30-year fixed rate with little to no down payment. Unlike a HELOC that requires you to have more equity in your home, renovation financing lends against the value that will be added to your home once the renovation is complete. That makes it perfect for those without a lot of equity in their home. It’s like looking into a crystal ball and unlocking your home’s future value.
And one last note, our renovation financing program isn’t just for remodeling projects. It can also get you the money you need to house raise or level your home and even that in-ground pool you have always wanted.
If you or someone you know is interested in a home improvement or renovation project, shoot us an email at email@example.com or you can call me, Dwayne Stein anytime at 504-207-7600. That’s my day job!