When homeowners want to finance their remodeling project, they can use their savings, approach a lending institution on their own, or work with a remodeler to reach their goal. Remodelers offer their views on offering financing, the pros and cons, and whether to do it at all.
Tag:
mortgage lending
Lenders’ reluctance to originate enough new mortgages to meet buyer demand is delaying the housing recovery
Clients who already have money are beginning to spend it on remodeling and new homes, but those who must rely on banks for loans continue to have a tough time
Recent home buyers are staying well within their means with notably higher incomes and modestly higher downpayments than buyers in the previous year