Irp-cdn.multiscreensite.com



Line of Credit – Good for smaller projects or when financing is less than $100,00020% Equity is requiredVariable interest rate but no closing costsInterest only monthly paymentsCan be slightly harder to qualifyBased on property’s current valueCash Our Refinance – Good if cash needs are under $200,00030%Fixed and variable rate optionsClosing costs can be included in the loan amountPayments are principal and interestFlexible to use for whatever is needed – No project documentsBased on property’s current valueRenovation Construction Loan-Good if projects are over $100,00030% Equity is required for properties up to $1.5 loan amountFunds for project are held in construction account with no cost until paid out to builderLow fixed and variable rate optionsclosing costs can be included in the loan amountpayments are interest only, for the first year which is a low monthly mortgage expenseproject documents are needed - bids, plans, specsBased on Future, After improved value ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download