credit hours: 2
Creating Value Through Renovation
Renovation Lending can help create value in the marketplace! Renovation loans offer:
Ability to market distressed properties to the general public instead of to cash-only buyers
Expand the pool of properties to show prospective buyers, give them options
Provide a vehicle for properties labeled "Needs TLC"” "As Is Condition," and "Fixer Upper" scenarios
Play an instrumental role in re-vitalizing neighborhoods and communities
The seller does not need to make or pay for any repairs prior to close.
Out-of-pocket costs for minimum property requirements are no longer an issue
Help your clients envision walking into their home — the way they want it
You will also learn the difference between FHA 203K Limited & Standard and Conventional loan options.
Boxed lunch provided
Meet Your Instructor
Nanette Bush has been in the real estate and mortgage lending industries since 1997. After starting as a licensed Realtor®, she and her business partner opened a real estate brokerage in 1998. Four years later, Nanette transitioned to mortgage lending and started her own mortgage brokerage company. She spent the next 10 years originating and processing mortgage loans. After a brief leave-of-absence, Nanette returned to mortgage lending with a local bank as the residential loan officer for the Park City and greater Summit County area. In 2016, she left the banking world and joined Fairway Independent Mortgage Corporation as a senior loan officer and sales manager.
Nanette has experience with FHA, Utah Housing, VA, Conventional, Construction and Jumbo loans. Over the years, she has had the opportunity to work with a full range of borrowers, from first-time homebuyers to high net worth second and third homeowners. No matter how seasoned the client, Nanette strives to make sure each borrower is comfortable with their loan product and fully understands their mortgage transaction. Purchasing a home or refinancing your existing home can be very exciting and a bit stressful, so Nanette knows it's important to guide her clients to the results they're looking for and answer all of their questions, every step of the way.
Class Taught by Nanette Bush NMLS# 829144