Archive for the 'Renovation Loan' Category

Fannie Mae HomePath Renovation or FHA 203k Loan?

With the recently-released Fannie Mae HomePath renovation mortgage, I have seen plenty of humans ask me the question of:
“Which is better, the HomePath renovation mortgage or the FHA 203k loan?”
Because there are quite a few houses that are owned by banks, many of these properties need a…

Fannie Mae HomePath Program: Great Deals On Houses

One of the best ways to get a deal on a house today is to buy a house from a lender who currently owns the house. The lender owns plenty of houses and is usually willing to “cut you a great deal” on price whether you will just buy it.
One of the largest lenders in the US (THE largest le…