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Financing in Port Chester : Real Estate Advice

  • All40
  • Local Info3
  • Home Buying14
  • Home Selling4
  • Market Conditions1

Activity 4
Fri Jul 1, 2016
Simmya answered:
Ilona, we have good hard money programs for NY, including one that is total 100% (purchase plus rehab) - it is pricey, but you bring nothing down. Plus, we have other programs.

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Thu Jun 30, 2016
Steve Snyder answered:
Of course you can. We have great hard money and private money options. Fill out an application on our site. We've been lending since 2004 and have a unique pool of investors. We'd love to help you when you need it.

Best of luck to you.
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Wed Jan 29, 2014
Brent Kluge answered:
It completely depends on the ARV (As Repaired Value). That is to say, what will the value of your home be AFTER the renovation is completed. You can ballpark the cost by adding your mortgage payoff and your expected renovation and then divide by your ARV.

FHA 203k allows you to go to 110% Loan-to-Value, otherwise 10% ABOVE the final appraised value.

You can find great information about this and many other renovation topics at my website: just google 203k world

ALL the best!

b
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Mon Nov 11, 2013
Paul Marzolla answered:
I'm sorry to hear whoever you spoke with at Chase completely misinformed you. I've helped clients use this great loan program for basic repairs to full blown renovations and everything in between. There are also conventional programs which could help eliminate mortgage insurance to make your renovation costs most affordable. This is one of my specialties and I'd be more than happy to tell you all about the available programs so we can best determine which makes most financial sense. Please contact me at your earliest convenience so I can gain a clearer snapshot of your scenario and the work you're looking to complete.

Kindest regards,

Paul F. Marzolla
Sr. Mortgage Advisor
(201) 957-6768
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