This is a YouTube video titled "🚨 Renovating Your Home? 🚨" containing a monologue or presentation from October 11, 2021, explaining a loan program that helps homeowners finance upgrades and repairs by leveraging the increased appraised value of their home after improvements.
If you own a home, you're looking to do some upgrades and repairs. I've got a loan program that allows you to finance most, if not all, of those upgrades and repairs. So let's play out the scenario. Let's say you have a $300,000 house today. You can get a quote from a licensed contractor to show exactly what the upgrades and repairs will be. We can then get an appraisal. The appraiser would say, well, the house is worth 300,000 today. But with these upgrades and repairs, let's say it's worth 400,000. Then we can finance up to 95% of that. So $400,000 post upgrade value, you can then finance today 380,000. So you have an extra $80,000 towards the upgrades and repairs.
