Home improvement loans have become popular in the housing market as fixer-upper homes become a regular thing for buyers. Home improvement loans (also called renovation mortgages) can help turn an average house into a dream home.
This guide will explain what a renovation mortgage is, and help you determine if the house you want is a good candidate. Here are a few examples of what you'll learn:
- What is a home improvement loan?
- What's the difference between FHA 203k and HomePath Renovation?
- How do payments get made to the contractors?
- Are energy efficient upgrades acceptable projects?
This 14-page guide will help explain the process of home improvement loans
in plain English so you'll be better prepared to go house hunting and find the perfect home!