You are able to get a property enhancement loan on an owner-financed home.
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Whenever faced with strict underwriting requirements used by numerous major financing organizations, some borrowers turn to owner-financing for real-estate acquisitions. The seller releasing the home provides the funds necessary for the new homeowner to purchase the house in this arrangement. The same home improvement lending rules will apply while this type of financing is atypical and has both benefits and drawbacks. Continue reading “May I Obtain a true home Improvement Loan By Having an Owner-Financed Home?”