FHA 203(k) financing helps buyers take advantage of as is bargains; St Louis Mortgage Interest Rate Update

Most mortgage financing plans provide only permanent financing.  That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition of value of the property  provides adequate loan security,  When rehabilitation is involved , this means the lender requires improvements to be finished before a long-term mortgage is concerned. Continue reading “FHA 203(k) financing helps buyers take advantage of as is bargains; St Louis Mortgage Interest Rate Update