“Renovation Mortgages More Common”
Kelly and Keri checking in. We have decided to stay in our current home and want to make some changes. A couple of months back you spoke about a renovation loan so that we can create an addition and other renovation. I would like to know how much we qualify for now so that we can have an idea of what we can do. Hope all is well.
I did 23 mortgages in the month of March, just over half of them had a renovation component. This is definitely a trend, but why?
Like Kelly and Keri, they were looking to purchase another home but just could not find what they wanted. Many can’t find what they want and are choosing to stay where they are and upgrade their current home. These clients love their current location and neighbors and have decided if they can accomplish the renovation they want, that would be their best solution.
Image courtesy of Tiramistudio/freedigitalphotoe.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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