Comment on Renovation mortgages may be answer for first-time buyers

Renovation mortgages may be answer for first-time buyers

It’s the lament of first-time homebuyers in just about every housing market: There aren’t enough entry-level homes available that are move-in ready. One solution is to broaden the search to fixer-uppers. With a renovation mortgage, you can get one home loan that combines the purchase price with the cost of improvements. Entry-level homes are scarce, whether new or used.

 

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