FOXBORO, MA (PRWEB) October 26, 2006
Easy Apps Mortgage, a mortgage broker based in Foxboro, MA, with offices in Florida, is working with selected wholesale lenders who are now offering homeowners instant equity in their home for remodeling projects. The announcement was made by company president Robert David.
When a home owner decides to remodel or add on to their existing home, many home owners look to acquire additional financing for their project. Most lenders will lend funds based on the current equity in the home. With properties values flatting, or in some cases, declining, it is difficult for many home owners to get the needed financing.
Easy Apps Mortgage has sought out and found lenders who will maximize the current equity and add the future equity of the completed project into the appraisal price. Based on the project, a home owner could receive up to 100 percent of the cost of the project in instant equity.
According to Robert David, this will allow home owners with little or no equity the ability to remodel and use the contractor's quote to add instant equity. The interest rates are extremely competitive and lenders are getting aggressive and creative in order to close more loans before the end of the year.
For more information about Easy Apps Mortgage:
Easy Apps Mortgage is a mortgage broker licensed in MA and FL. They can be reached toll free at 888-441-3279 or on the web at http://www.easyappsmortgage.com.