Thursday, January 16, 2014

Two Loan Programs that provide cash to the homeowner

Purchasing and Maintaining real estate can be tricky if one is low on cash for improvements.

 Many properties enter the market for sale needing anywhere from a few "fix ups" to a complete overhaul.

Appraisers note the conditions of the interior on the appraisal.  A home in poor condition can be problematic for the buyer seeking a loan.

There are two programs currently out there that can provide cash assistance to the homeowner.  One program is the "reverse mortgage" and the other is the FHA 203K loan.

The KCM blog has a great post today on these two programs here : KCM Blog

Enjoy the warmer weather and if you are in the market to buy or sell a home call me today for excellent service!

                                                         Carla Brooks

PS Photos courtesy of

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