Stop Thinking and Start Renovating
“I like this house, but…”
“If only it had another bathroom…”
“I like vintage…but with new floors and plumbing.”
Have you become all too familiar with phrases like these? That’s because you know what you want out of your dream home, and you don’t want anything less. The chef-grade kitchen, the open floor plan, the walk-in shower – you can just see it now. But here’s the thing about your dream home, it doesn’t belong in your mind.
It’s time to open your eyes to the reality of turning an imperfect house into your perfect home with a renovation loan. With real estate prices remaining high on the market, renovation may be the best way to afford your ideal home right now. And it’s so much easier than you’re probably thinking. It’s just one application, one loan, one monthly payment, and one happy you!
Buy and Fix-Up a Home with Great Bones
How does a renovation loan work when you are buying a home? Your new home’s purchase price is combined with the cost of renovations or repairs and rolled into a single mortgage. There’s no hassling with multiple loans or endless amounts of paperwork. And once your loan has closed, renovation work can begin immediately. Fixer-uppers can be great because they often cost less than other homes in the area, you can afford more square footage or land, you have a wider variety of properties to choose from, and you can customize any home to your exact wants.
Renovate Your Current Home Sweet Home
If your current home is just a few major upgrades or repairs away from perfect, our renovation loan may be the solution you need. We’ll refinance your current mortgage and roll the costs of the remodel into one loan. This process keeps you from having to get an additional loan at possible a higher interest rate, all while paying one simple mortgage.
Fixer uppers are gaining popularity across the globe because they’re the best way to get a home you really want at a price you really like. As summer turns to fall and the holidays inch closer every day, now may be the perfect time to turn any home from project to perfection.
The home of your dreams really is within reach. Contact PrimeLending today to speak with a lending expert who can tell you more about your renovation loan options.
All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender. ©2017 PrimeLending, a PlainsCapital Company (NMLS: 13649).