- This topic has 5 replies, 2 voices, and was last updated 16 years, 10 months ago by
SD Realtor.
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March 8, 2008 at 9:11 AM #12030March 8, 2008 at 9:41 AM #166006
SD Realtor
ParticipantHi Masakayo
To be honest with you this is something that I do not specialize in. Also in the current market climate I would imagine the approval process for a Rehab loan is just as tough as other more standardized products. I assume you are referring to something like the FHA 203k product yeah?
If you have experience doing rehabs then this may not be something to run away from but in a market like this I absolutely would not recommend it. Similarly if you are a first time buyer or have not had experience rehabbing properties I would strongly recommend to pass on the property. More often, people who take a first time foray into rehabilitation, unless they are contractors, get an expensive lesson.
Unfortunately most of the mortgage brokers I refer people to are expert in standard residential loans, jumbo and otherwise.
Sorry I am not to much help here, but I would rather be honest then give you bad advice.
HLS or the other mortgage brokers may be able to help you out with a product like this.
SD Realtor
March 8, 2008 at 9:41 AM #166323ParticipantHi Masakayo
To be honest with you this is something that I do not specialize in. Also in the current market climate I would imagine the approval process for a Rehab loan is just as tough as other more standardized products. I assume you are referring to something like the FHA 203k product yeah?
If you have experience doing rehabs then this may not be something to run away from but in a market like this I absolutely would not recommend it. Similarly if you are a first time buyer or have not had experience rehabbing properties I would strongly recommend to pass on the property. More often, people who take a first time foray into rehabilitation, unless they are contractors, get an expensive lesson.
Unfortunately most of the mortgage brokers I refer people to are expert in standard residential loans, jumbo and otherwise.
Sorry I am not to much help here, but I would rather be honest then give you bad advice.
HLS or the other mortgage brokers may be able to help you out with a product like this.
SD Realtor
March 8, 2008 at 9:41 AM #166331ParticipantHi Masakayo
To be honest with you this is something that I do not specialize in. Also in the current market climate I would imagine the approval process for a Rehab loan is just as tough as other more standardized products. I assume you are referring to something like the FHA 203k product yeah?
If you have experience doing rehabs then this may not be something to run away from but in a market like this I absolutely would not recommend it. Similarly if you are a first time buyer or have not had experience rehabbing properties I would strongly recommend to pass on the property. More often, people who take a first time foray into rehabilitation, unless they are contractors, get an expensive lesson.
Unfortunately most of the mortgage brokers I refer people to are expert in standard residential loans, jumbo and otherwise.
Sorry I am not to much help here, but I would rather be honest then give you bad advice.
HLS or the other mortgage brokers may be able to help you out with a product like this.
SD Realtor
March 8, 2008 at 9:41 AM #166335ParticipantHi Masakayo
To be honest with you this is something that I do not specialize in. Also in the current market climate I would imagine the approval process for a Rehab loan is just as tough as other more standardized products. I assume you are referring to something like the FHA 203k product yeah?
If you have experience doing rehabs then this may not be something to run away from but in a market like this I absolutely would not recommend it. Similarly if you are a first time buyer or have not had experience rehabbing properties I would strongly recommend to pass on the property. More often, people who take a first time foray into rehabilitation, unless they are contractors, get an expensive lesson.
Unfortunately most of the mortgage brokers I refer people to are expert in standard residential loans, jumbo and otherwise.
Sorry I am not to much help here, but I would rather be honest then give you bad advice.
HLS or the other mortgage brokers may be able to help you out with a product like this.
SD Realtor
March 8, 2008 at 9:41 AM #166424ParticipantHi Masakayo
To be honest with you this is something that I do not specialize in. Also in the current market climate I would imagine the approval process for a Rehab loan is just as tough as other more standardized products. I assume you are referring to something like the FHA 203k product yeah?
If you have experience doing rehabs then this may not be something to run away from but in a market like this I absolutely would not recommend it. Similarly if you are a first time buyer or have not had experience rehabbing properties I would strongly recommend to pass on the property. More often, people who take a first time foray into rehabilitation, unless they are contractors, get an expensive lesson.
Unfortunately most of the mortgage brokers I refer people to are expert in standard residential loans, jumbo and otherwise.
Sorry I am not to much help here, but I would rather be honest then give you bad advice.
HLS or the other mortgage brokers may be able to help you out with a product like this.
SD Realtor
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