We have seen this situation a lot in the last few years. Many people who bought a home within the last 48 months (who took advantage of low and no down payment programs), now find themselves in a position where they would like to remodel their kitchen but don’t have any equity built up so they cannot get a loan and they don’t know what to do.
Our clients Paul and Kara N. bought their home in the Western Suburbs in 2005 with no down payment. They love the home and don’t have a problem making the payments but the time has come to fix the kitchen they wanted to fix when they bought the house 4 years ago. They thought they were stuck with the horrible appliances for awhile longer.
Paul and Kara thought that they would have to give up their dream kitchen. In fact, they had moved on mentally until the fridge broke down. Finally, they realized they absolutely had to do the remodel, and soon.
Paul and Kara contacted us and we were able to put them into a government backed program to remodel their home. They were able to get a rehab loan put over $30,000 in work into the home. They now have a great home with a kitchen that they love with stainless appliances, new flooring and the huge island that Stacy really wanted. It has changed their family’s day to day living for the better.
Email Dylan or call him directly at (630) 343-9526 to find out how Dylan Kramer’s team can help you solve this or any other home financing issue you may be experiencing.
