Have your clients found the perfect neighborhood but the less-than-perfect home? Help them purchase the house and turn it into their dream home with the Purchase Remodeling One-Time Close loan from Englewood Mortgage Company. The One-Time Close loan provides qualified borrowers the opportunity to finance the purchase and remodeling costs all in one loan. The loan proceeds may be used for landscaping, kitchen remodeling, or simply
jbarnard@englewoodmortgage.com
Program highlights include:
- Interest Reserves — monthly mortgage payments may be financed into the loan during the remodeling term
- Contingency Reserves — protects borrower from cost-overruns with any remaining funds distributed back to the borrower at conversion to permanent financing¹
- Loan proceeds may be used for landscaping, addition of swimming pool, kitchen remodeling and much more
- Commission is paid when the loan closes — no waiting for completion of construction
Written by Jim Barnard - Visit Website
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Jim 10.16.07 at 1:13 pm
Sorry for the premature delivery of the blog above! In finishing the last line of the paragraph, I was about to include “or simply completion of work on an unfinished property.
With this product you can now sell more homes that are have been excluded in the past due to their pre-sale condition.”