RENOVATION LOAN PROSPECTS

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.

Homebuyers can make renovations such as replacing doors and windows, roof repairs, minor remodeling, and interior or exterior painting.

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.

Additional selects on the Renovation Loan Prospects list include Length of Residence, Year Built, Home Value, Estimated Equity in the home, Family Size and Modeled Credit.

Remember, when you’re selling an expensive product – while the homeowner may want it, there is always a question of affordability. When people have qualified for a renovation loan, that obstacle goes away. These new FreddieMac loans are a great option when it comes to renovation loan prospects!

BTW – You don’t necessarily have to live in the home already; some home renovation loans can be used to buy a fixer-upper and make upgrades at the same time, giving you one loan to repay

The advantage of a  renovation loan is that it’s just one loan with one monthly payment; you don’t have to take out a loan for the mortgage and another loan for home repairs. Getting one loan cuts down on time and closing costs.

Telephone Numbers / Email Addresses are Available

Scrubbed telephone numbers are available. We have both landline and cell phone lists available.

We can also append email addresses to the list and  provide to you for your use.

There are 2 levels of email appending: Individual and household level.

Individual level is where we match first name/ last name/address. That typically hits 20%. For example, if we start with 25,000 records, we will net around 5,000. Or, we can append on a Household level. This means we match against surname and address. We typically match between 30-35%.  Based on a gross input quantity of 25,000, we would net about 8,500.