Renovation Loan

What is 203k Renovation Home Loan and how does it work?

FHA 203k loan is designed to finance the needs of homeowners when it comes to buying an old, damaged or even “inhabitable” house. Obviously, an old house costs much less than a brand new one but the flip side of it is that this abode can eventually cost an owner much more due to massiveContinue reading

cost

What affects the cost of a loan?

The cost of the loan is the main thing everyone pays attention to when borrowing money. Yet, the majority mistakenly assumes that the cost of the loan equals the interest rate. It turns out that the total (the final) cost of a loan is comprised of several elements along with the interest rate. Each elementContinue reading