Low credit scores? Too much debt? With the government standing behind you, banks and mortgage companies can make loans they wouldn’t normally offer at competitive interest rates that could cut your monthly payments by hundreds of dollars.
If you’re buying a home that needs some work, here are two special types of home loans that allow you to finance the purchase and borrow the cash you need for renovations. And we’re not talking pocket change. We’re talking tens of thousands of dollars for repairs and improvements.