What is a garanteed way to get a renovation loan???

Question

I have my home for 5 years now and Im interested in home reno loan.

Answer 1

you likely have a bunch of equity in your home. The value of your house has likely risen plus you have been paying into your mortgage.

Talk to the financial institution that provides your mortgage, you'll likely qualify for a very large loan.

Answer 2

RENOVATION
LOANS
When purchasing or refinancing your
home, why not include additional money
for renovations or repairs? In addition
to numerous other great loan products,
we’ve successfully offered our customers
renovation loans for over 10 years. Our
draw department is one of the best in
the industry and our team of highly
trained professionals takes great
satisfaction in getting your loan from
application to closing effortlessly.Your
dream home is within reach.
YOUR DREAM HOME IS WITHIN REACH
TURN GOOD INTO GREAT
Homeowners are not always satisfied
with the initial purchase of their home.
There may be areas that need to be
repaired or improved. A renovation
loan allows a buyer to purchase and
renovate a home. This allows for repairs
after the closing!
DON’T FORGET:
Contact your 203(k) Consultant to
schedule your home inspection.
Find yourself a reputable general
contractor after you receive your final
repair report.
Arrange for your homeowners
insurance. Some insurance companies
require a policy called Builders Risk
Insurance when the repair amount
is significant.
WE’LL GET YOU THERE
AHM Mortgage has the knowledge
and experience to ensure that each step
of the process is a smooth one, turning
your home from good to great.
Our parent company; American
Home Mortgage Investment Corp.
(NYSE: AHM) is a national mortgage
lending company headquartered in Melville,
New York. Over the past year, AHM’s
revenue increased an impressive 76.3%, and
our net earnings rose 98.2%.We are among
the 20 largest retail mortgage lenders in the
U.S. AHM became a REIT in 2004 and
creates custom products that we hold in our
own portfolio. Under this model, we have
reduced our sensitivity to fluctuating
interest rates.


If you want to email you can for more info or to get pre-approved
[e-mail]

Answer 3

FIRST RULE: Stay away from mortgage companies! They are unregulated scam artists. Check with your local bank (established, insured and regulated) for your renovation loan. An appraiser can appraise your home (finished) after receiving bids by contractors. They will tell you on the onset what they require, it's pretty easy. They will either set you up a new mortgage or just give you a short term loan for the monies required. Good Luck!

Answer 4

You can refi or get a HELOC.