Forgotten Your Password?

Need to Register?

Carl Ashton

More Options For Home Improvement And Renovation - HomeStyle(R) Renovation

Wednesday, September 22, 2010 - Article by: Carl Ashton - E Mortgage Management - Message

HomeStyle Renovation
HomeStyle Renovation combines home purchase or refinance with home improvement financing in one loan with one closing. 

Consumer Benefits
•Finance improvements of up to 50% of the as-completed value of the renovations with a low first mortgage interest rate
•Save money by paying only one set of closing costs
•Eligible borrowers can finance soft costs and payment reserves

The HomeStyle Renovation Mortgage delivers:

Seek an affordable option to renovate or improve a home

Borrowers can finance improvements up to 50% of the as-completed value of the home with a first mortgage. A HomeStyle Renovation Mortgage typically offers lower rates than second mortgages, home equity lines, or credit card debt.

Value efficiency

A HomeStyle Renovation Mortgage requires only one closing and underwriting review, saving the borrower money and time.

Need flexibility

Borrowers can use funds for any repairs or renovations as long as the improvements are permanently affixed to the property and add value. Soft costs and contingency reserves also may be financed.


For more about a HomeStyle® Renovation Mortgage
thru Fannie Mae.


Contact us

Carl Ashton
Mortgage Banker



1605A Prosperity Farms Rd
Lake Park Florida 33403
Phone: 561-210-3000
Fax: 561-624-1764
[email protected]

Our websites:

www.premiermortgagestore.com


Didn't find the answer you wanted? Ask one of your own.

Get an answer
Subscribe to our news feed.