Hi Folks,

Frequent questions I get are ‘How does Miller Mortgage, LLC offer rates .25% or better than Brick and Mortar banks?’  Or ‘Why can Miller Mortgage, LLC offer no points no closing costs and my bank cannot?’

There’s a few reasons:

1)    Brick and Mortar locations have a lot more overhead and pass this on to you. 

The HomeStyle Renovation program allows borrowers to obtain a single loan to purchase a property or refinance an existing loan and complete renovations/repairs/improvements after loan closing using the “After-Improved” value of the property.

·         No minimum dollar amount for repairs.  Renovation/repair costs allowed up to 50% of the “After-Improved” value of the property

·         Mortgage amount based on the projected value of the property with all work completed

·         Improvements must be permanently affixed to the property and add value