This month we’ll start with a scary cute picture of Aria and Zander. Aria just celebrated her 3rd birthday, I’m happy to report she now has every Frozen doll ever made, and at night, she lays them all around her bedroom with blankies on them and kisses them good night. Amazing how strong the motherly instinct is.
Zander, on the other hand, is only concerned with swords, guns, karate and beating up bad guys. I keep asking him how many bad guys he’s run into this lifetime. “None, yet!” he says, “but I will be ready when I do!” I have no doubt! What an adventure this parenting gig is!
Hey, speaking of adventures, I recently built my first home. It is an investment property, which we are using as a model home, but the process was cool and it made me realize how great a new home can feel. To that end, I’d like to tell you about a couple of incredible renovation and construction loan programs we have:
This loan allows you to take out conventional financing (insanely low rates and low closing costs) without mortgage insurance. You can either buy a new home or refinance your existing home, and fund the renovation of the property. The loan limits are set by county and range between $417k and $625k. The renovation component can be up to 50% of the value of the home, so if your home is going to be worth $400k after the renovation, up to $200k could be used to complete a massive renovation.
If you can’t seem to find the home you want in the neighborhood you want to live in, this is a great option. Find in the right location and remodel it exactly as you want!
This program allows you to build a new home or scrap and rebuild from scratch an existing home, with a loan amount up to $4M. Our construction loan has no origination fees and rates are hovering around 4% on the 30 year and mid 3% on the 15 year. What an insanely good opportunity to build your dream home and finance at historical low rates.
If you are considering buying, renovating or building, it would be my pleasure to tell you more about the solutions we have.