Through this online course you will learn about this innovative mortgage program, which fills a unique and important need for homebuyers. When buying a house that needs repair or modernization, homebuyers usually have to follow a complicated and costly process. The interim aquisition and improvement loans often have realtively high interest rates, short repayment terms and a balloon payment. However, Section 203(k) offers a solution that help both borrowers and lenders, insuring a single loan that covers both the acquisition and rehabilitation of a property.
Course Instructor: Bart Bartholomew