Using A Loan For Home Renovations Financial Matters With Richard Oring podcast

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Using a Loan for Home Renovations

3y ago 28:57

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Content provided by Richard Oring. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Oring or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

There are many loans available for homeowners who want to renovate their homes. Today, Richard Oring of New Century Financial Group is joined by Bobby Dmuchowski, VP of Mortgage Lending at Guaranteed Rate.
Bobby explains the advantages of going to a mortgage broker, as opposed to going to your bank. He also talks about the differences between HELOC (Home Equity Line of Credit) and renovation loans.
We cover Fannie Mae and HFA loans, fixed vs. variable rates, closing costs, underwriting, and how funds are dispersed.
Rich also cautions our listeners to look at IRS publication 936, which deals with home mortgage interest deduction. You can view that here: https://www.irs.gov/forms-pubs/about-publication-936.
United States Veterans have a number of options available to them through the VA - with much more flexibility than civilians have access to. Bobby, Rich, and Jag explain that.
There are many types of loans out there, including VA, FHA, Convention, Nonconforming, and more. And there are also many ways, with the advent of technology, to get your loan. Depending on your preference, you can coordinate over the phone, text, or online.
Contact Bobby via cell or text: (908) 295-8609
Contact Richard Oring at New Century Financial Group:
609-924-2049, extension 126, or by email at [email protected]
Website: https://ncfg.com/

… continue reading

29 episodes

Artwork

Using a Loan for Home Renovations

Financial Matters with Richard Oring

published 3y ago

Share

MP3•Episode home

Content provided by Richard Oring. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Oring or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

There are many loans available for homeowners who want to renovate their homes. Today, Richard Oring of New Century Financial Group is joined by Bobby Dmuchowski, VP of Mortgage Lending at Guaranteed Rate.
Bobby explains the advantages of going to a mortgage broker, as opposed to going to your bank. He also talks about the differences between HELOC (Home Equity Line of Credit) and renovation loans.
We cover Fannie Mae and HFA loans, fixed vs. variable rates, closing costs, underwriting, and how funds are dispersed.
Rich also cautions our listeners to look at IRS publication 936, which deals with home mortgage interest deduction. You can view that here: https://www.irs.gov/forms-pubs/about-publication-936.
United States Veterans have a number of options available to them through the VA - with much more flexibility than civilians have access to. Bobby, Rich, and Jag explain that.
There are many types of loans out there, including VA, FHA, Convention, Nonconforming, and more. And there are also many ways, with the advent of technology, to get your loan. Depending on your preference, you can coordinate over the phone, text, or online.
Contact Bobby via cell or text: (908) 295-8609
Contact Richard Oring at New Century Financial Group:
609-924-2049, extension 126, or by email at [email protected]
Website: https://ncfg.com/

… continue reading

29 episodes

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