How to use an FHA 203k Reno Refinance when Interest Rates Come Down?
8/2/2024
Well Well Well....Interest rate cuts are finally around the corner and you know what that means....if you've bought a house in the last 2-3 years you will begin considering a refinance of you 6% or 7% mortgage. Has anyone told you that you should be using this opportunity to not only refinance but knock out some renovations on your home while you're at it?
In the past 2 years you've gained some serious equity in your home and you can use an FHA 203k Reno Refi loan to not only drop your mortgage interest rate but pay for a renovation on your home at the same time. If you bought your home, worth $300k back in 2022 it may now be worth $350k, $375k, or more. That means, you may have a reno budget of $50k, $75k, or $100k to do a renovation with.
Give Makeover a Call to find out how! 463.252.0028
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