727-431-0341
mbanner@pmanow.com
Apply Now
Secure Doc Upload
Professional Mortgage Alliance, LLC Logo

Michael Banner

NMLS ID 386692

727-431-0341 mbanner@pmanow.com

Blog

What is the CHOICERenovation Mortgage?

Freddie Mac has announced the creation of a new home renovation loan program called the CHOICERenovation Mortgage.  This product is replacing Freddie Mac’s previous Renovation Mortgage and is very similar to Fannie Mae’s HomeStyle Renovation and the FHA’s 203k loan. It offers many benefits to borrowers looking to make updates to their properties. How Does It Work? The CHOICERenovation Mortgage breaks from its predecessor by eliminating the need for Interim Construction Finance and allows borrowers to take out one loan at closing to pay for both the home purchase an...

August 28th, 2019 | Home Renovation Loans, What is the CHOICERenovation Mortgage?

Should you Buy an Investment Property?

Real estate can be a very profitable source of investment. Property values generally rise over time, giving owners equity and rental income at the same time. Owning an investment property is not without risks and challenges though. There are several factors to consider in deciding whether an investment property is right for you. Pros Investment properties can provide many financial benefits. They can produce a steady, fixed stream of income for you and plenty of equity should you decide to sell down the road. In addition to increasing equity over time, rental properties can provide so...

August 14th, 2019 Should you Buy an Investment Property?