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With home
improvement
loans, many homeowners decide at one time or another to make
significant improvements to their homes. Or some people purchase new
homes that need home
improvements and take out an additional loan to get that work done
along with the purchase. Whichever applies to you, Virginia Mortgage Bankers, LLC is here to help.
Whether its time to
renovate your kitchen,
finish off your basement,
install a new roof or just
make general home improvements, home improvement loans from
Virginia Mortgage Bankers, LLC can help you realize your dreams.
Virginia Mortgage Bankers, LLC offers
two
exciting new "One Time Closing
Home Improvement Loan"
programs. As you will see below these programs allow the homeowner the
opportunity to to refinance their current mortgage or purchase that
dream home and fund the home improvements or addition as they progress.
New
Purchase Home
Improvement Loans
New purchase home improvement
loans are used to purchase a home and will allow you to
make needed renovations or additions. Virginia Mortgage Bankers, LLC offers you
new purchase home improvement loans with one settlement. With new purchase
home improvement loans from Virginia Mortgage Bankers, LLC you receive
the loan to purchase the home of your dreams and draw improvement money
during the "Improvement Phase." Once your work is completed a "modification
agreement" will be made and you
will begin making your regular mortgage payments based upon the
permanent financing terms of your home loan.
Refinance Home Improvement
Loans
Refinance home improvement
loans are for homeowners who wish to make renovations or additions to a
current home. Refinance home improvement
loans are a combination
refinance home loan and home improvement home loan. At the initial
refinance closing all current liens are paid off and the balance of the
loan is retained by the mortgage lender and disbursed as draws as the
improvements or additions are completed. Upon completion a "modification
agreement" will be issued and
you may begin making your new mortgage payment based on the permanent
financing terms.
Start your home
improvement today!
Use our online loan application
home improvement loans or simply contact us at Virginia Mortgage Bankers, LLC to
to get your Home Improvement Loan Quote
today and speak to a mortgage professional about your plans and dreams
for your new home and we can work together to realize those dreams!
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