Many financial institutions are in the market for renovation loan prospects.
As a matter of fact, Freddie Mac now offers a new mortgage called CHOICEReno eXPress to enable homebuyers and homeowners to finance the cost of small-scale renovations with a single-close mortgage, saving time and money. This great new options gives YOU the opportunity to sell your services and know they can get finanacing.
A Renovation Loan is suited for homeowners who want to renovate their primary residence, but have limited equity in their house.
This is a perfect solution for people who want to move, but can’t find the home that fits their needs in this tight housing market. With a Renovation loan, they can turn the home they have into the home they’ve always wanted.
For example, in the past few months, many homeowners have been sheltering in place. Now, they have been home long enough to know the renovations their home needs. Thousands of homeowners are now working from their homes. The kitchen table is not acceptable anymore. They need dedicated space. Between the build outs and electrical, this is not a D-I-Y project. This is a great example of an instance where a renovation loan can be a plus.
What about bathroom or kitchen remodels? Adding on a new room?
Statistics show that more and more Homeowners are choosing to renovate rather then move.
Smart Mortgage Marketers know that Renovation Loan Prospects can increase their business dramatically. It’s not just banks; credit unions are now offering renovation loans as well.
Dataman Group Direct can help you reach those Prime Renovation Loan Prospects with its Enhanced Home Improvement Prospect Database. This new Database is made up of Homeowners who have shown an interest in Renovating.