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How Contractors Get Paid (with renovation loans)
In this episode, Jennifer “The Reno Gal®” Goldsby discusses the challenges faced by contractors in the remodeling industry, particularly regarding payment delays from homeowners. She explores the draw process of various renovation mortgage options, including FHA, conventional, USDA, and VA loans, detailing the complexities and how contractors can navigate these effectively. The conversation highlights the importance of understanding payment structures and the impact of economic trends on the remodeling sector.Jennifer Goldsby, NMLS 591226
VP, Renovation Lending
Diamond Residential Mortgage Corporation, NMLS 186805
Equal Housing Opportunity
TheRenoGal.com or (844) RENO-GAL
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By Jennifer "The Reno Gal®" GoldsbyIn this episode, Jennifer “The Reno Gal®” Goldsby discusses the challenges faced by contractors in the remodeling industry, particularly regarding payment delays from homeowners. She explores the draw process of various renovation mortgage options, including FHA, conventional, USDA, and VA loans, detailing the complexities and how contractors can navigate these effectively. The conversation highlights the importance of understanding payment structures and the impact of economic trends on the remodeling sector.Jennifer Goldsby, NMLS 591226
VP, Renovation Lending
Diamond Residential Mortgage Corporation, NMLS 186805
Equal Housing Opportunity
TheRenoGal.com or (844) RENO-GAL