How Do You Get A Renovation Loan?
Learn how to obtain a renovation home loan Let’s Talk The first step is to talk with me. As a renovation specialist, I can tell you everything you need to do and what documentation you’ll need to have to get a quick loan approval. Feasibility At this time, I’ll also help you determine if you should enlist the services of a HUD-approved consultant, home inspector or another third-party vendor for help in assessing renovation needs, getting a rough estimate of the costs and estimating the value of the property after the improvements. This will help give me a good idea of how much the renovation will cost, and how much you may need to borrow. Selecting a Contractor One of the most important steps in the renovation process is your selection of a contractor. It is advisable to get recommendations and price quotes from several reputable contractors. In most states, your contractor must be licensed and insured. Your contractor will probably have questions about your financing and the loan gui
