The Wells Fargo Home Mortgage Purchase & Renovatesm Program features:
- More money. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of the home after improvements are made.
- Lower monthly payments. Your renovation costs are spread throughout the entire term of the loan, so your monthly payments may be lower than other financing options.
- Tax deductibility. The interest on the cost of your improvements, included in your mortgage, may be tax deductible.*
- Speed. Start making improvements immediately after closing. No need to wait to put in that modern kitchen or new roof. And, no need to pass up a house that’s in the ideal location but needs improvement.
- Simplicity. One application, one set of fees and closing costs, one closing to attend and one payment each month
- Are interested in buying a house that will need work, but want to avoid going through the hassle of getting two separate loans.
- Need extra financing to improve newly purchased property.
Make the renovations you want…now!
Brian Dombrowski
Home Mortgage Consultant
Office: 630-329-3346
Fax: 866-359-2025
Mobile: 630-329-3346
1704 W Algonquin Rd.
Hoffman Estates, IL 60192
