IGotAMortgage Inc.
We Are Your Financing Specialist

Purchase with Improvements

Purchase with Improvements

I Got A Mortgage Inc. offers comprehensive loan packages for those who are thinking about building their own home. We also provide financing options for those who are looking to make small or large scale improvements to their existing home.

Building a beautiful home of your own can be one of the most rewarding experiences for homeowners. With the extensive tools available at I Got A Mortgage Inc. you can obtain all the information you need in order to move forward with building your dream home. Our experienced loan advisors will assist you with all the details and requirements.

How Much Home Can You Afford?
The first step we recommend is deciding how much home you can afford. The rule of thumb is to allow no more than 32% of gross income for monthly payments to cover principal, interest, property taxes and heating costs (PITH). This is known as the Gross Debt Service ratio (GDS).

Your gross household income equals the total salary, wages, commissions and miscellaneous income of those household members who will be co-applicants on the mortgage loan.

Additional Home Costs
The next step is to calculate the full cost of your home. Don’t forget items like upgrades, legal fees, closing costs, and insurance. Once you’ve arrived at a bottom line figure, you will have a genuine idea of exactly what the new home will cost. It’s important to make sure you know what to expect from the onset.

The friendly loan personnel at I Got A Mortgage Inc. can assist you in preparing the necessary documents once you are ready to move forward with applying for your financing. They are always available to help or answer questions.

Finding the Right Builder
When searching for a builder, be sure to research the company you may be considering and ask for references of recent projects they’ve completed in your community. Working with a quality, professional home builder is your key to success. Be sure to tell them that you have already been approved for financing from I Got A Mortgage Inc.

Refinancing for Home Improvements
Many homeowners are happy with their present home and simply want to make a few improvements or expansions of their existing space. I Got A Mortgage Inc. also provides financing for those who would like to add a room or a deck or do a complete room makeover. Many times, this is a great way to stay in your current home while transforming it into a dream home.

At I Got A Mortgage Inc. we offer excellent loan and refinance options for those who want to make small and large modifications to their home. Often, your monthly payment will go down once you refinance and the loan process and qualifications are less stringent than they are for a new loan.

Whatever the scope of your renovation project, I Got A Mortgage Inc. will work with you to help you find the most cost effective financing solutions available. Why not take advantage of the equity in your home to add a new kitchen or master bath?

Contact I Got A Mortgage Inc. today to learn how you can use your home’s equity to complete home renovations or obtain financing to build the home of your dreams.