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There's No
Place Like Home mortgage is available to
buy or refinance a home. This can be
your primary residence, second home or
an investment property.
You have
just one set of closing costs and can
lock in the interest rates on the
remodeling and the permanent mortgage at
the same time.
The
borrowed funds can cover any remodeling
you want or need - as long as they are
permanently part of the property and add
value to it.
Other
costs related to the remodeling are also
covered. For example, you can
finance the rent on another home or
apartment to live in while the
remodeling is taking place.
For
home purchases, the loan amount can be
based on the costs of the remodeling
project or on the "as completed" value
of the home after the remodel is
finished. That means you can
borrow more than the home's current
value, knowing its value will increase
after the improvements are finished. |
