Renovation Loan Insights
Renovation loans are a fantastic way to borrow extra money at the time of a purchase and make updates to any house!
A Renovation Loan can be used to:
-Update Bathrooms
-Remodel Kitchens
-Install Fencing
-Roof Repair / Replacement
-Foundation Repair
The sky's the limit!
What about Payment, Interest Rate, Closing Costs?
Renovation Loans are amortized over 30 years, spreading the additional borrowed funds for the project to be spread over 30 years. This makes the impact on monthly budget measurably less than obtaining a 2nd mortgage or construction loan to do the same renovations.
It's very gratifying to be able to get all the house projects done at once and then Enjoy your home. You don't have to live in the home and do them a room at a time as your budget allows.
Real Estate doesn't always have a fast appreciation rate but with proper updates it opens opportunity to capitalize on large equity gains early on.
Video 'What a Renovation Loan Can Do For You' - this is a good way to introduce the concept to a buyer who's unfamiliar this option.
https://youtu.be/qjFD88WCnas
Video 'How Realtors Can Create A Smooth Transaction' - this is a good way to break the ice and have a conversation starter with an agent who's not familiar with the process of a renovation loan.
https://www.youtube.com/watch?v=QV6ZIYhHKsw
Video 'What Contractor's Need To Know' is a good way to introduce what the loan process includes for them. It's a good conversation starter.
https://youtu.be/YDNRZXIglBY
Thank you for including me in your project, I look forward to being a resource for you :)
Sincerely,
Crystal Toews
Branch Manager/Loan Officer
How Realtors Can Create A Smooth Transaction...
What Contractors Need To Know...
Product Flyer
"Seriously. Crystal, Tyler and Misti were incredible! I had a ton of questions as this is my first home buying expetience, and they were all answered quickly! I was updated with each new step and Crystal made some very cool videos that explained what happens in these steps! Plus, we are now living in our very own home! Thank you so much!!"
Heatherhutchinson12
"Very impressed with Crystal and her team! They were amazing! Very professional and prompt with communicating and helping me with all my needs. Highly recommend!"
Ttuckerksu
"Crystal was very prompt in answering all of my questions via email or text. She also answered each question thoroughly and provided clarity each time. There were no surprises or issues. She followed up and maintained in contact to keep us informed and in the loop. Crystal made this process very easy for us."
Robinmontano
Primary Residential Mortgage Inc
400 S Main St
Newton, AL 67114
Company NMLS #3094
Crystal Toews
Branch Manager | Loan Officer
NMLS #1142776