It can be scary to buy your first house. There’s a lot to consider: neighborhood, financing, inspections, and more. There’s no one right way to buy a home for the first time, and often homeowners have a hard time deciding between different options. Single-family, condo, townhouses all have their positives and negatives. 

On top of that choice, many first time homebuyers go into the search process considering buying a home they can fix up and renovate. 

FHA 203k and Fannie Mae Homestyle loans have traditionally been the only solutions for a home buyer looking to finance both the cost of purchasing AND renovating a fixer upper.

Now that the U.S. is slowly starting to move out of the pandemic state and back to normal life, many of us are realizing we’d still like to work remotely - or at least continue with a hybrid work model.

If you need more space, a better home layout, or a total update - it can be hard to decide whether you should move or renovate your space.

Summary

• There are 6 main loans used to pay for a kitchen renovation: RenoFi Loans, Home Equity Loans, Cash-out Refinance, FHA 203k/Fannie Mae Homestyle Loans, Construction Loans.
• Traditional home equity loans and HELOCs, as well as cash-out refinancing, often doesn’t allow you to borrow the amount you need because the average new homeowner doesn’t have enough equity built up to draw from.
• Construction loans and government-sponsored renovation loans, like FHA 203ks and Fannie Mae Homestyles, allow you to borrow more because they’re based on your home’s after renovation value, but they’re extremely cumbersome and difficult to use.
• RenoFi Loans (RenoFi Home Equity Loans, RenoFi HELOCs, and RenoFi Cash-out Refinancing) allow you to borrow from your future equity based on your home’s after renovation value, similar to the above options, but they’re much less cumbersome.

An ever-increasing number of homeowners are making the decision to transform their backyard into an outdoor oasis, and this trend looks set to continue well into 2021.

Building a deck or patio at your home can be a great way to both increase the value of your property and get more from your outdoor space at the same time. But what are your options to finance building a deck or patio, and which of these is the right one for you?

In this guide, we will be taking a look at six of the most commonly used patio and deck financing options, so that you can make the right choice on how to get the best results from your project.

PHILADELPHIA , April 4, 2022 –  RenoFi, the renovation enablement platform company, today announced $14 million in Series A funding. The round serves as a strong endorsement of RenoFi’s vision to empower lenders to offer best-in-class financing solutions that better meet the needs of today’s homeowners. Canaan led the round with new participation from NYCA Partners and CMFG Ventures. The company will use the funds to scale its business operations and product roadmap, including its first-of-its-kind renovation enablement platform for lenders.

Your roof is the unsung hero of your property, standing firm against the elements and keeping your property safe and secure.

Want to move from dreaming about your renovation idea to making it a reality? That’s when you should hire an architect, says Marc Brahaney, the owner of Lasley Brahaney Architecture.