Breathing New Life into Homes: A Conversation with Jeremy Drobeck and Contractor Ramon Huerta
In our latest video, we sat down with Jeremy Drobeck, a Loan Officer at Treadstone Mortgage, and Ramon Huerta, a local contractor, to discuss the exciting possibilities of renovation financing. We explored how these loans can help homeowners breathe new life into older homes and how the process works.
The Power of Renovation Loans
Renovation loans offer a unique solution for homebuyers looking to purchase properties that may need some TLC. Instead of having to secure separate financing for the purchase and the renovations, these loans allow you to combine both costs into a single mortgage. This simplifies the process and makes it easier to budget and plan.
The Renovation Loan Journey
- Get Pre-Approved: The first step is to get pre-approved for a renovation loan. This will give you a clear understanding of your budget and allow you to shop for a home with confidence.
- Find Your Dream Property: Once you’ve found the perfect property, it’s time to connect with a qualified contractor like Ramon.
- Obtain a Detailed Estimate: Ramon will conduct a thorough assessment of the property and provide a detailed estimate of the necessary repairs and their costs.
- Secure Your Financing: With the renovation estimate in hand, you can finalize your loan application with Jeremy and his team at Treadstone Mortgage.
- Closing Time: Once approved, you’ll close on the loan and officially become the homeowner.
- Renovation Begins: The contractor will then begin the renovation process, transforming your property into your dream home.
The Benefits of Renovation Loans
- Convenience: Streamlines the financing process by combining purchase and renovation costs into a single loan.
- Flexibility: Allows you to customize the property to your exact specifications and take care of any appraiser required repairs.
- Potential for Increased Equity: Renovations can significantly increase the value of your home, building equity faster.
Ready to explore renovation loan options? Contact Treadstone Mortgage today to schedule a consultation with Jeremy Drobeck (269) 360-7109.
Let’s make your homeownership dreams a reality!
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The Family Opportunity Mortgage
Unlocking Homeownership: Supporting Loved Ones with the Family Opportunity Mortgage Program
For many, the dream of homeownership remains a significant milestone. But what if you could help a close family member achieve that dream, even if they face financial hurdles? The Family Opportunity Mortgage Program, often referred to as the Family Assist Program, is a specialized mortgage solution designed to do just that – empower families to support loved ones in purchasing a home.
What is the Family Opportunity Mortgage Program?
This unique program was created to address a common challenge: families who want to assist elderly parents, adult children with disabilities, or other qualifying relatives in buying a home, but where the assisting family member might not be able to occupy the home themselves, or where the assisted family member faces challenges meeting traditional mortgage qualifications alone. It essentially allows family members to secure financing for a loved one’s primary residence, often with more favorable terms than a standard investment property loan.