My belief is that the consumer has many options with “traditional” mortgages and that the traditional mortgage client needs more help with how to structure the best loan strategy. I am constantly asking myself how I can qualify clients based on their past experiences (income/credit).
Over the past 16+ years in the mortgage banking industry I have always considered myself an educator and problem solver.
There’s not a morning that goes by that my first thought isn’t about who can I help and how can I help, while still providing value in this ever-changing market. This thought process lead me to dive head first into the renovation lending world many years ago.
I take great pride in knowing that I can provide financing for my clients on any type of property, regardless of its condition.
If they find their move-in-ready dream home, then we can plan the best strategy with a traditional mortgage to obtain that property. But, if they find a home that needs repairs and/or updates, then we can plan the best strategy to obtain that property in its “as-is” condition with one of my Renovation Loans.
The Renovation Loan offers a whole other world of options to the consumer. It really changes how they view inventory and opens their imagination with possibilities. I credit some of these changes to the many home improvement shows on TV. Now, buying a home is about location, schools, and neighborhoods vs. “Let’s just take this property, because it’s finished” or “We don’t have the cash to finish the property after buying it.”