Creating sweat equity
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| Some people like to buy a house that need repairs, and repair the home themselves. The repairs, in turn, increase the value of the home. This is one way to create "sweat equity" in a property. These types of properties are known as "fixers". Savvy investors will be able to locate below average conditions homes in a good housing market, improve the condition of the home, and turn it to make a profit. There are many programs available that can give you the lowest payment possible during the time frame that the home will be repaired which can give you substantial savings. |
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This
is not a commitment to lend. Restrictions may apply. Information
is subject to change without notice. All loans are subject
to credit approval. Equal Housing Opportunity.
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