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203K loans colorado

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BQuigz

Learn how a 203K loan can be helpful to homeowners. http://www.brianquigley.com/

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203K Loans Colorado: Advantages and Disadvantages @cobroker1 +Brian Quigley Mortgage Blog WWW.BRIANQUIGLEY.COM
What is a 203K Loan? • Allows people to borrow money for: • Home Improvements • Home Ownership • All in one loan • Guaranteed loan so interest stays low @cobroker1 BrianQuigley.com
Handle Dealbreakers • Buy an almost perfect home • But serious defects will scare off lenders • 203K loans will let the lender know you are serious about fixing the problem @cobroker1 BrianQuigley.com
Provides Temporary Housing • Allows you to set aside money for alternative housing during improvements • Up to 6 months • You will not live in a construction zone @cobroker1 BrianQuigley.com
Large Loans Provided • Having 203k provides access to large loans • You can borrow enough to finance 110% of home’s value after improvement • Low down payments @cobroker1 BrianQuigley.com
Make Improvements that Matter • Make any improvements wanted • Cost taken care of up front • You can choose appliances @cobroker1 BrianQuigley.com

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203K loans colorado

  • 1. 203K Loans Colorado: Advantages and Disadvantages @cobroker1 +Brian Quigley Mortgage Blog WWW.BRIANQUIGLEY.COM
  • 2. What is a 203K Loan? • Allows people to borrow money for: • Home Improvements • Home Ownership • All in one loan • Guaranteed loan so interest stays low @cobroker1 BrianQuigley.com
  • 3. Handle Dealbreakers • Buy an almost perfect home • But serious defects will scare off lenders • 203K loans will let the lender know you are serious about fixing the problem @cobroker1 BrianQuigley.com
  • 4. Provides Temporary Housing • Allows you to set aside money for alternative housing during improvements • Up to 6 months • You will not live in a construction zone @cobroker1 BrianQuigley.com
  • 5. Large Loans Provided • Having 203k provides access to large loans • You can borrow enough to finance 110% of home’s value after improvement • Low down payments @cobroker1 BrianQuigley.com
  • 6. Make Improvements that Matter • Make any improvements wanted • Cost taken care of up front • You can choose appliances @cobroker1 BrianQuigley.com