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(NEB) Overview of Renovation Financing: Understanding the Basics – 2 CE – CANCELLED
November 16, 2023 @ 10:00 am - 12:00 pm
$15.00Instructor: $Todd Fogel
$$
Early payment membership dues credits can be applied to this class if dues were paid in full prior to June 14th, 2023
This course is approved for 2 HRS of Continuing Education. Florida rules require that we monitor attendance and we can not issue credit for less than the number of approved hours. In order to receive credit for your course, please arrive on time and stay for the entire class. Sign-in and Sign-out is required for this class to receive full credit.
Home renovation loans are the smartest way for homeowners to finance their entire renovation project, yet most people don’t even know that they exist or how they work.
Here’s a common misconception among homeowners: If you don’t have enough home equity, you won’t be able to pay for your home improvement project. True or false?
Thankfully, even with current limited equity, there are several loan options available to homeowners and buyers looking to fund a renovation. It all comes down to meeting with your loan officer, finding the right loan program, and determining how much funding you may qualify for. The even better news? The home remodeling market is expected to stay strong through 2025.
In most cases, yes. A home renovation loan is ideal for a homebuyer or a homeowner interested in taking on a minor to major home improvement project. With a home renovation loan, as long as the improvement will add sufficient value to your home after completion, you’ll roll the cost of buying a house or refinancing your mortgage into the cost of fixing it up.
This 2-hr CE program provides an overview of the basics of a renovation loan…. what types of repairs are allowed, what types are not. Agents learn how to introduce these loan programs as solutions to new prospective clients, how to assist in managing contractors and the renovation bid process, and how to efficiently get the transaction to closing.
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