Higher interest rates can help your business
By Mike Young, FHA 203k Consultant 828-469-7462
(203kOnLine.com, covering the USA)
Higher interest rates can help your businessWhat happens when the interest starts climbing? Fewer buyers in the market make fixers that much more attractive. The FHA still has a lower downpayment than most other loan programs. If you are doing business where there are a lot of older homes, or homes over a year old that need work you should consider yourself very lucky indeed. You are sitting on a gold mine of sales.Example: Needles CA has an abundance of homes that qualify for a 203k1. Older homes2. Small homes that could be added onto3. Single family homes that you add an ADU to make it fit your expanded family.4. Small investors can purchase four units, rent two out to pay the mortgage payment, have one provide you with money to buy food for the month and you live "RENT FREE" in th...
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