Gateway Funding Announces Renovation Loans: Rebuild America

Gateway Funding Announces Renovation Loans: Rebuild America

(1888PressRelease) Borrowers can use it to improve the energy efficiency of their home, take advantage of tax credits, add on instead of moving out, and turn their house in to their dream home.

Philadelphia, PA-NJ - Horsham, PA; June 22, 2010- Gateway Funding Diversified Mortgage Services, LP announces the offering of renovation loans for home owners. The FHA 203(k) offered by Gateway Funding Inc. is a fully disbursed first mortgage loan with which a borrower can purchase or refinance a property and include the cost of renovation with one closing.

According to Gateway Funding, more than 60 percent of home improvements are financed by high-interest rate second mortgages, unsecured credit card debt, high-interest rate retail installment loans or savings. Obviously, a first mortgage renovation loan would be a great alternative to the first three methods of payment. The largest benefit to the borrower is that interest on first mortgages is tax deductible. The other methods would most likely be at a higher rate of interest and will most likely, not provide a tax deduction.

Borrowers can use it to improve the energy efficiency of their home, take advantage of tax credits, add on instead of moving out, and turn their house in to their dream home. Additionally, explains Gateway Funding, existing homeowners who would like to replace their appliances, update or modernize a kitchen or bath, add on to their home, or improve their energy efficiency can do so with a 203(k) loan.

About Gateway Funding

http://gatewayfunding.org/

Gateway Funding Diversified Mortgage Services, L.P., established in 1994, is a full service mortgage banking firm offering a diverse product line and unparalleled customer service. Our knowledgeable and seasoned Account Executives and Operations Staff are committed to helping our clients meet the needs of their customers. We recognize the challenges our clients and borrowers face today. We are determined to find the best possible solution for your customer's current financial needs.

For additional information contact:

Sheri Eckles

203k Renovation Lending Manager

Gateway Funding Diversified Mortgage Services, L.P.

300 Welsh Road, Building 5 Horsham, PA 19044

seckles ( @ ) gateway-funding dot com

http://www.gateway-funding.com/

Source:

http://www.1888pressrelease.com/gateway-funding/diversified-mortgage/gateway-funding-announces-renovation-loans-rebuild-america-pr-220475.html

POST COMMENT

Payday Loans No Faxing Procure Easy Fund From Paperless Financial Assistance Unemployed Loans UK: Helpful Way for Jobless People Quick Loans: Best Way To Shrug Off Financial Disputes Are You Also Perplexed By The Mortgage Disaster Today? Flexibility On The Mortgage Emergency payday loans-Meet your financial uncertainty with easy terms Sort Out Your Debt Problems With Remortgages And Secured Loans Loans Today: Smartly Meet Your Unexpected Needs Now How to Get Best Quotes On Mortgage Refinancing Make Your Plans With Secured Loans And Remortgages Same Day Loans – Get Money Quickly and Easily Payday Loans Alaska – Suitable for Every Need How To Slash Your Student Loan Now, Without The Pain