I am a lender in Arizona and I just wanted to drop you a line and tell you that I love your video's. I actually watched your Chenoa video with a client because you guys are so awesome yet informative. Thanks and keep up the great work.
This was great! What if you want to Reno some of your home but also add an ADU so you and the pets can be there in the Reno time?? Is there an agent that can handle all these 203k Reno stuff for those with a home already?
@@imzadibeauty you can do this. Things to consider is the value the home will appraise for after your project is complete. Let’s get your pre approval started :) give us a call 727.422.0715 looking forward to serving u!
The only thing I don't understand is if you already have a fairly low mortgage rate you are paying on the purchase price of a home you've lived in for a year, can you still keep that rate on that portion of the house and then just get an FHA 30K standard only on the cost of the addition/renovation, or must it all be combined under the new FHA which will potentially lose the original lower mortgage rate you are paying on the purchase price?
When you refi, and u only have one loan on the home, then yes- u will have a new interest rate according to the terms that you and your lender agree too. It’s always best to talk to your lender. All lenders are different… best wishes on your home renovations :)
I am a lender in Arizona and I just wanted to drop you a line and tell you that I love your video's. I actually watched your Chenoa video with a client because you guys are so awesome yet informative. Thanks and keep up the great work.
Thank u for watching, God Bless you and your clients! If you have folks relocating to Florida, we can help! I have Family in Maricopa :)
Thank you for sharing. Will you please do an update for the year 2025 as the interest rates continue to come down?
@@Feed-My-Mind-Not-My-Ego thank you for watching, of course… we will be doing a update for 2025 :)
This was great! What if you want to Reno some of your home but also add an ADU so you and the pets can be there in the Reno time?? Is there an agent that can handle all these 203k Reno stuff for those with a home already?
@@imzadibeauty you can do this. Things to consider is the value the home will appraise for after your project is complete. Let’s get your pre approval started :) give us a call 727.422.0715 looking forward to serving u!
The only thing I don't understand is if you already have a fairly low mortgage rate you are paying on the purchase price of a home you've lived in for a year, can you still keep that rate on that portion of the house and then just get an FHA 30K standard only on the cost of the addition/renovation, or must it all be combined under the new FHA which will potentially lose the original lower mortgage rate you are paying on the purchase price?
When you refi, and u only have one loan on the home, then yes- u will have a new interest rate according to the terms that you and your lender agree too. It’s always best to talk to your lender. All lenders are different… best wishes on your home renovations :)
Nice video
thank you for watching and we look forward to serving you soon! #DeannYourRealtor #PhillsHomeConstruction #BuildingWithThePhillips
Thanks for the content.
Great information. Thank you :)
You are welcome, thank u for watching and subscribing to our channel :) #BuildingWithThePhillips
Can you recommend any lenders and contractors in Tennessee?
Does it apply only to Florida?
Thank u for watching, no… a lot of renovation loans are a FHA Product :) thank u for watching!
Does any of this apply to Illinois or only Florida 😊
Actually yes! You need a lender who specializes in renovation loans.
I know some mexicans who could build a nice kitchen and bathroom for 40k in cali 😅
@@TH-cam_ban_me thanks for watching! We appreciate you!