Financing Your Renovation: The Alexander Group

 

Financing Your Renovation: The Alexander Group works with a variety of lenders. Here are guidelines for financing your renovation.

 

Financing is an important aspect of your home improvement project.  There are a number of ways that you might choose to pay for your project: 

  • Cash

Or the following mortgage products :

  • "Cash out" Financing
  • Home Equity Line of Credit (HELOC)
  • Construction/ Permanent Financing
  • Construction Financing
  • Fixed Rate Second Mortgage

 

Depending upon your personal and family needs and credit worthiness, a number of mortgage banking institutions offer programs that will meet your needs. Mortgage lenders generally require the following documentation :

  • Income Verification
  • Asset Verification
  • Identity & Legal Status Verification

 

In addition all banks or mortgage lenders will require you to fill out a Uniform Residential Loan Application . There are many reputable mortgage bankers, brokers and lending institutions available to you. In general, if you choose to work with a specific bank, you will only be able to choose from that institution's loan products. If you have a good relationship with a bank and they have a loan product that meets your needs, that may be your best option.

 

Experienced mortgage brokers can offer mortgages from many banks and mortgage banking companies, potentially providing a broader range of options. Brokers can evaluate which banks will have the best mortgage product to meet your needs at a point in time. An experienced broker will be able to guide you through the financing process in an efficient and professional manner, from application through funding. Once your funds are in place, you are ready to begin!

 

Contact The Alexander Group, Inc. to help you design and budget your project. We can also facilitate your financing process, if that would be helpful.  There are lending officers we have worked with for years, and would be happy to make an appropriate recommendation.  For more information email us at financing@alexandergroup.net