Video Transcript:
Buying a broken home seems hard. People think you need two separate loans for the house and the fixes. This thinking is slow and costs you money. I’m David Ghazaryan. My whole job is making this simple. Instead of two loans, I build one that pays for the house and all the repairs. There are two main choices. One is government-backed, needing just 3.5 percent down. (Data may vary over time) The other option requires more money from you. The government loan is strictly for the home you will live in. But the other one is more flexible, letting you buy a vacation or rental property. The true long-term cost is hidden in the insurance. The government loan's insurance often lasts forever. The other loan’s fee can be canceled, saving you money. This is a surface-level view. My full article is on the website. I post these financial breakdowns regularly across all my platforms. Links are in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/fha-203k-vs-homestyle-loan-for-california-fixer-uppers
