What everyone should know about the sweetheart of home improvement loans.

1. 203K Loan Horrors203K Loan Horrors
What No One Ever Tells YouWhat No One Ever Tells You
About a Fixer-Upper’s Best FriendAbout a Fixer-Upper’s Best Friend

2. So You Found A Fixer Upper?So You Found A Fixer Upper?
 Perfect NeighborhoodPerfect Neighborhood
 Great YardGreat Yard
 Has PotentialHas Potential
 Garage that’s your hubby’s dreamGarage that’s your hubby’s dream
 Just Needs A Little Work. NothingJust Needs A Little Work. Nothing
that a hammer and nail can’t fix.that a hammer and nail can’t fix.

3. Here Comes Miss 203K !Here Comes Miss 203K !
 Your Lender says 203K is the perfectYour Lender says 203K is the perfect
loan for you.loan for you.
 She’s smart, and kind, and can turn thatShe’s smart, and kind, and can turn that
house you love into the home of yourhouse you love into the home of your
dreams in no time.dreams in no time.
 Hurray! You say.Hurray! You say.

4. Until You Find Out !Until You Find Out !
 If you don’t qualify for enough money,If you don’t qualify for enough money,
you may not get all the repair money youyou may not get all the repair money you
need.need.

5. ……Then You Find Out !Then You Find Out !
 That finding a licensed contractorThat finding a licensed contractor
within your budget may be a challengewithin your budget may be a challenge
and the timelines for the loan are rigid.and the timelines for the loan are rigid.

6. ……Then You Find Out !Then You Find Out !
 If your contractor quits before he’sIf your contractor quits before he’s
done you could end up not getting yourdone you could end up not getting your
repair money at all!repair money at all!

7. ……Then You Find Out !Then You Find Out !
 If you get stuck between the loanIf you get stuck between the loan
originator and the bank who bought youroriginator and the bank who bought your
loan they could bully you into thinkingloan they could bully you into thinking
you have less than 6 months to clearyou have less than 6 months to clear
things up!things up!

8. So Make Sure To Get All TheSo Make Sure To Get All The
FactsFacts
 Or Miss 203K will leave youOr Miss 203K will leave you
HORRIFIED like I was.HORRIFIED like I was.

9. 203K Horrors203K Horrors
AA
Best InkBest Ink
ProductionProduction
20102010

10. 203K Horrors203K Horrors
AA
Best InkBest Ink
ProductionProduction
20102010