Located on the south shore of the beautiful Lake Pontchartrain, Metairie, Louisiana is an unincorporated region of Greater New Orleans with no mayor and no city taxes. Metairie is the first suburb of New Orleans, in between the cities of New Orleans, with its fabulous French Quarter, and Kenner, home of an international airport and other attractions.
Metairie is changing from a historically residential area to a more commercially-driven hub, with growing numbers of retail malls and shopping centers, office buildings, night clubs, and other entertainment venues. Nonetheless, Metairie maintains its picturesque atmosphere.
FHA Loans
Since 1934, the U.S. Federal Housing Administration (FHA) has been trying to improve housing quality nationwide; for example, by issuing FHA Home Loans. You can apply for an FHA Loan regardless of your home-purchase history. There is just one constraint and it is that you can take only one FHA Loan at once. Ask these questions before committing to a Metairie-based FHA Loan:
Refinance and Home Equity Loans
Frequently, banks will not give loans for a house until it has been repaired, and the repairs are not permitted until the house has been bought. However, some banks offer loans on properties that need a little help. Ask your lender about these kinds of loans.
If your property needs a bit of help, but you already have a mortgage, consider a refinancing product that will allow you the cash back you need for repairs. Ask your lender whether a refinance or a home equity loan would be best for your situation. Keep in mind that refinance loans completely replace your mortgage. Home equity loans simply allow you cash back.
For more information on mortgages, home equity loans, or refinancing, fill out the form below, and a lender will get in touch with you soon.
