I am buying a home and know that I have some repairs to make no more then 10-20,000(it is a Foreclosure, so no I can not request this as a part of the Contract to Buy). Can I ask for a morgage that would include this cost?
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In today's market, these types of loans, with riders to include amounts for different projects, are a bit difficult to get. Have you worked with a Bank or a Mortage Specialist on this yet? Start on the internet looking for mortages loan types .
When faced with bad credit, or when in need of financial support, people resort to home loans. There are two types of home loans that a person can apply for – home equity loans and home equity line of credit (HELOC).How to Borrow a Home Loan Wisely
Notice People this question was asked two Years ago! I purchased a year ago and in the process found out about:
The "Energy Efficient Mortgage Pilot Program". Ask your estate broker, mortgage lender or utility company/state energy office for more information about an EEM. You can obtain this if the home is in need of Energy Efficiency Repairs.
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