InterFirst Touts Renovation/Rehab Loans

InterFirst Wholesale Mortgage Lending, Ann Arbor, Mich., has reported the introduction of renovation and rehabilitation mortgage loans through its Construction Lending Center.The loans, part of the company's "All in One" construction loan program, provide funding based on the completed value of the home after the renovation, enabling consumers to afford major renovations or repairs, InterFirst said. "By providing the ideal solution for consumers considering the purchase of a home that requires some upgrades, rehabilitation and renovation loans enable mortgage brokers to continuously build two valuable referral sources: Realtors and builders," said InterFirst president William A. Newman. The wholesaler, a division of ABN Amro Mortgage Group, can be found online at http://www.interfirst.com.