You heard correct. You now have more options for rehabilitation financing. Freddie Mac just launched the CHOICERenovation loan. You can now combine your home and renovation loan together when you choose Freddie Mac during your home purchase. This loan is the perfect loan to purchase that less than perfect home.
The rush of buying your first home is one of the most exciting experiences one can endure in their life. It's a huge accomplishment and you should feel extremely proud of yourself. One thing to remember is to not let the overwhelming feeling of excitement allow you to fall into the traps that can occur during the process.
Millennials are working hard in their early careers right now and most likely saving up by rooming with friends or family. They are becoming aware that renting on their own is looking more and more less likely of a good idea as rent prices rise.
In recent years, technological innovations have given consumers access to the unbiased mortgage information that was previously only available to lenders and brokers. With this increased transparency, consumers now have the upper hand, as they are able to make more informed mortgage decisions that best fit their individual needs. Speaking to a lender is still a necessary part of the mortgage process, but these 4 tools are a good place to start, as they can help you verify any information given to you by a mortgage professional.