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Renovation loans allow homeowners or buyers to finance both the purchase of a home and the cost of renovations in one loan. This makes it easier to buy homes that need repairs or upgrades, turning a fixer-upper into the home of your dreams.
Key Benefits
Who It’s For
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Renovation loans can cover a wide range of home improvements, from minor repairs like replacing the roof to major upgrades such as adding a new room or remodeling the kitchen.
Yes, renovation loans allow you to finance both the purchase of the home and the cost of renovations in one loan.
Yes, completing necessary repairs or upgrades can increase the home’s market value and provide potential equity gains.
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