Active Military & Veterans!  A government agency just published a free guide to Financial Readiness for active military and veterans.  I’ve had a chance to check this out, and it is full of fantastic tips, tools, and checklists to help you navigate the complexities of your finances while serving our country.  If you would like a free copy, comment below, and I’ll send it to you!
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Active Military & Veterans!  A government agency just published a free guide to Financial Readiness for active military and veterans.  I’ve had a chance to check this out, and it is full of fantastic tips, tools, and checklists to help you navigate the complexities of your finances while serving our country.  If you would like a free copy, comment below, and I’ll send it to you!

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Question: I’m considering buying a home that I want to renovate prior to moving in, do I have to make payments on my present home and the new loan?Answer: One of the benefits of renovation lending is that you can build into the mortgage your new loan payments so that you don’t have two housing payments at the same time! This option is only available if the home is uninhabitable during construction. Each program has different time limits so if you are thinking about a renovation loan, let’s talk first!
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Question: I’m considering buying a home that I want to renovate prior to moving in, do I have to make payments on my present home and the new loan?Answer: One of the benefits of renovation lending is that you can build into the mortgage your new loan payments so that you don’t have two housing payments at the same time! This option is only available if the home is uninhabitable during construction. Each program has different time limits so if you are thinking about a renovation loan, let’s talk first!

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Know Before You Buy! If you are thinking about purchasing a condo, it is wise to talk about the financing first, as not every condo is eligible for financing! In order to use conventional or government options that offer the lowest down payments, the condominium project must be evaluated by the lender. Issues such as special assessments, too many rentals, use of the common elements and the condition of the condo association are just a few items reviewed by the lender. I have a fact sheet about “How Do I Know if It’s a Condo” that I’m happy to share with you. Just comment below, and I’ll send it to you. If you are in the market for a condo, let’s talk first!
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Know Before You Buy! If you are thinking about purchasing a condo, it is wise to talk about the financing first, as not every condo is eligible for financing! In order to use conventional or government options that offer the lowest down payments, the condominium project must be evaluated by the lender. Issues such as special assessments, too many rentals, use of the common elements and the condition of the condo association are just a few items reviewed by the lender. I have a fact sheet about “How Do I Know if It’s a Condo” that I’m happy to share with you. Just comment below, and I’ll send it to you. If you are in the market for a condo, let’s talk first!

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.