Greenspan's Mortgage Blog

Fixer-Upers Made Easy - ENVISION YOUR DREAM HOME WITH A DREAM LOAN!
October 26th, 2009 12:19 PM
Fixer-Uppers Made Easy

If you've been passing up on buying a home because of the expense of anticipated cosmetic repairs, you're missing out on a great opportunity. Sure, it used to be that if you bought a home and then applied for a home equity loan to pay for repairs, the result would be two separate loans (or worse, a mortgage plus a short-term loan for repairs that often had a much higher interest rate). This is not the case anymore if you qualify for an First Fidelity Home Mortgage of WI, LLC "ENVISION LOAN" loan. 

This loan allows qualifying home buyers to finance up to an additional $15,000 into their mortgage to improve or upgrade their home before move-in. With this product, home buyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector. And the best part is, the additional funds are combined into your mortgage, so you only have to worry about one loan.

There are, of course, rules and guidelines we have to follow, and not every repair qualifies. But if you or anyone you know are interested in taking advantage of this great opportunity, give us a call, and we'll gladly provide you more information about this valuable program.

Also Special program for improvements over $15,000.00 to over $100,000.00 but would need contractor involvement.


Posted by Joseph Greenspan on October 26th, 2009 12:19 PMPost a Comment (0)

Can I still buy a House and Close by November 30th and get the 8K Tax Credit?
October 13th, 2009 4:41 PM

 

The answer is a definite maybe. With Interest rates moving lower is like a double edged sword. The lower the rates create more Purchases and Refinances business, but can overwhelm the system. So you have to be very particular about the lender you chose to work with. Many companies are over worked and under staffed. What we have done at First Fidelity has set up a Swat Team for purchase loan business. We have made a commitment that if the staff has to bring in a cot and sleep at their desk they we will! What ever it takes to get the Purchase loan closed on time. Also having a staff with the newest member having 10 years experience helps. We can navigate through the storm and know what lies ahead. The job must get done, no excuses! We will do what it takes for you to get your Tax Credit.

Call us at 262-650-9890

Joseph Greenspan

President


Posted by Joseph Greenspan on October 13th, 2009 4:41 PMPost a Comment (0)

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