In this episode of The Marc and Mandy Show, Mandy chats with Monica Falco from Capital Home Lending about financing your home and obtaining a mortgage.
Mandy: Today, we’re going to talk about financing and your home. And I’m excited about this because it’s really important that people know this information.
Monica Falco: Thank you so much for having me. Absolutely, I think the biggest thing here is educating everyone and educating clients, so I’m happy to chat.
Mandy: Is it important to be pre-approved before shopping for your home?
Monica Falco: Your pre-approval is your golden ticket. If you are pre-approved you know exactly what your purchasing power is, so it gives you kind of your head start to make that offer on your future home.
Mandy: When you’re buying your home, are there renovation options?
Monica Falco: When you’re going for your mortgage, absolutely. A lot of first-time homebuyers don’t know this, but a lot of lenders do offer a purchase plus improvements program. And it ultimately gives you forty thousand dollars to put towards renovations for your home.
Mandy: Now you do have to front these costs up front from your own resources?
Monica Falco: The lender then gives you the funds when the renovations are completed.
About Capital Home Lending: Capital Home Lending is a group of mortgage specialists dedicated to ensuring you receive the best advice to make informed decisions. To learn more, visit the Capital Home Lending website.
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