LIMERICK PA – A loan known as a 203(K) mortgage is worth considering by buyers interested in purchasing a home that needs extensive rehabbing, according to a blog entry posted Tuesday (April 6, 2010) by Limerick real estate agent Gina Stango of Zip Realty.

Stango reports there are three advantages to a 203(K): simplicity, the ability to obtain higher loan amounts, and a certain degree of security. But there are restrictions, too, she writes.

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