Smart Ways to Spend $5,000
Budgets & Remodeling (0)
Christina Bolling
Charlotte Observer
Lots of home buyers these days are feeling a little strapped after they move in, with tighter lending restrictions requiring bigger down payments. Buyers, whether they choose new or existing homes, have less cash to fix up new places just the way they want.
The days of putting no money down on your house so you'll have $30,000 or $40,000 for that dream kitchen remodel?
They're over.
"I don't think you can any longer get a 100 percent mortgage," said Dot Munson, president of the Charlotte Regional Realtor Association and a real estate broker with RE/MAX Executive Realty.
Don't despair, though. You ...