Remodeling Impact Report
The National Association of Realtors recently published the 2015 Remodeling Impact Report its definitely worth looking at. The report ranks projects likely to increase value.
- Kitchen Renovation
- Bathroom Renovation
- New Master Suite
- New Wood Flooring
- Etc (see report)
The report goes into a lot of detail including estimated costs and how much the value is increased. If you are thinking of renovating your current home or purchasing a home and renovating it this report is a must see! I’m a big do it yourself and have personally renovated quite a few homes; whether you are a DYI or hiring a contractor this is simply some great information to have on hand. Thinking you would like to hire a pro but wondering how the heck you are going to pay for it? You aren’t alone. Here at Amerifirst Home Mortgage we have a whole array of renovation loan programs that can help you find a way to fund your home renovation. Give me a call to discuss your options or check out some more information here.
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Jumbo vs Conventional Loan
JUMBO LOAN VS. CONVENTIONAL: WHAT KALAMAZOO MOVE-UP BUYERS MUST KNOW
Are you shopping for a luxury executive home or a custom build in Texas Township, Portage, or Richland?
Yesterday, a move-up buyer walked into my office after touring a gorgeous five-bedroom home near Texas Corners. The listing sat well above their previous starter home price point, and they were trying to calculate their down payment strategy.
They asked me, “Jeremy, at what price point does our mortgage switch from a standard Conventional loan into a Jumbo loan? Do Jumbo loans require massive 20% cash down payments?”