You can now Refinance your
Primary Home for a Renovation project using
ARV Value ?
YES
Attached as a basic matrix.
For an unsecured product, up to $100k the rates and terms are phenomenal.
Example,
If you purchase a $100k home, and you knew it needed some work, lets say you purchased this home with 10% down. you have financed $90k there are only a few options for lending, and it would be hard to find which lender will go to 100%, to give you $10k for a project. let alone 125% of the amount if you wanted to do a Refinance.
We have a solution that offers up to 125% of current market value for Renovations, or up to 95% After Repair Value.
If you wanted to do $40k in renovations, but the After Repair Value was $225k that means you could get up to $213,750 - $90k for the purchase, an $40k for the renovations, with additional potential of $83,750
that’s not offered on the market today !
