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I love spring. It's a time of renewal. The flowers are blooming, the animals are having babies and the weather's turning nice. Plus there's spring cleaning, yard work, landscaping ... as a homeowner you know what it's like. In fact you're probably already busy on home improvement projects. A lot of them you can do yourself with just a little bit of time and money invested. But sometimes your house may need a little more than a do-it-yourself trip to the local Home Depot. Kitchen remodeling, bathroom addition, deck or replacement windows are probably beyond your skill set. They're probably also beyond your immediate budget. This is where home improvement loans like the FHA 203k come into play.
Did you know that you can refinance your mortgage and pay for all kinds of remodeling projects on your home with the 203k? It's more than a home equity loan. The 203k takes into account the future-value of your home once these upgrades are finished. You need a 3.5% down payment but you get to roll the cost of the improvements right into the mortgage.
Watch the :60 Mortgage Tip below to learn a little more about spring home improvements and how the FHA 203k can help you refinance your home and remodel it.
Trouble with the embedded video? Click here to see it - 60 Second Mortgage Tip: Spring Home Improvements and FHA 203k
Learn all about the options and choices you have in front of you for redecorating your home with "The Complete Guide to Spring Home Improvement Financing" at the button below. From do it yourself projects to 203k-eligible work, we talk all about spring home improvement projects in our newest eBook. Get your free copy today.
(fawn picture: Flickr user Tyler Karaszewski)
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