-The first step to buying a home is getting preapproved for a loan. “There are several reasons for a home loan preapproval,” says Marc Coons, Paso Robles home lender with CrossCounty Mortgage, “which includes the fact that real estate agents rarely invest the time to help a client look for...
Category: Mortgage lender
What is a fixer-upper and can you get a loan for it? Answers from the Paso Robles mortgage consultant
Buying a “fixer-upper” home has been trending for a few years, as witnessed by the popularity of home renovation TV shows. Taking a neglected house from a state of disrepair and modernizing and customizing it into a creation worthy of any home design showcase is highly satisfying. Marc Coons, the...
‘Understanding construction loans,’ a summary from Marc Coons, Paso Robles mortgage consultant
A home construction loan provides funds for building or renovating a home. They work by first submitting the construction plans, costs and projected timelines for certain stages of the project. When approved, the project starts and funds are issued in stages that are agreed upon when the loan is finalized....