Did you know that Wells Fargo Home Mortgage has a Purchase & Renovate Loan?
The program offers financing that enables you to immediately turn the house you just bought into the home you always wanted. Add a bath, cook up a new kitchen, repai, renovate or extend- all with a single loan at attractive first mortgage rates.
Built-in benefits to make home improvements:
The loan amount is based on the value of your home after the home improvements have been made.
Lower Monthly Payments
Purchase and improvements are financed simultaneously, so renovation costs are spread out through the entire term of the loan.
Interest on renovation costs is included in the first mortgage, so it may be tax deductible.
Renovation can begin immediately after closing
Just one application, one set of fees and closing costs, one monthly payment.
No required improvements or restrictions on repairs, luxury items such as pools and spas may be included.
Fixed and adjustable rate mortgage programs.
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