Fixer Upper . . . yes you can! With Otto and Home Style
Are you like many of today's' homeowners' who hold the thought of never moving but instead "fixing up their existing home"?
Fannie Mae the largest buyer of home mortgages has a program called HOME STYLE where up to 75% of the homes' value can be used to renovate the property.
Or maybe you looked at a home in a neighborhood you love, that has the perfect layout, and yard you've been wanting, but it needs updates or major repairs, and you're not sure you can afford to make those changes after you buy. Home style could be your answer.
Many try or think of a home equity line of credit ( a 2nd mortgage) could fuel the renovation.
Well, you're not alone. A number of home-buyers and owners can see home's potential but aren't sure how to pay for the renovations.
With a Home Style Renovation loan, eligible home buyers and owners can renovate a home to fit their needs and personal style with just one loan that covers the mortgage and improvements.
One call or email and I'd be glad to discuss the options and how to get started.
MEET OTTO ALCON NMLS#138809 Senior Mortgage Officer Geneva Financial LLC