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Did you know that you can use a renovation loan to purchase a home that needs work? I recently had a great conversation with a trusted lender friend and knew this was something my clients and friends had to know. After all, those time-capsule homes many of us covet for their original and unique style details can often come with deferred maintenance. The house may have a roof, plumbing, stucco, or electrical repairs that need immediate updating. Renovation loans are a perfect match if you want to roll the cost of those repairs into your purchase price. You can even use them for ADUs and other projects that add value. The "deal" in real estate doesn't happen unless you make it happen, renovation loans can help you use your vision and a little creativity to get an even better return on your investment both financially and aesthetically. Want to know more? Drop me a line and I will get that to you!
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Christina Linda Palomo
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