Current Housing Market Seen as Growth Opportunity, According to Novak Financial.OWINGS MILLS, Md. -- At a time when news reports address a negative change in the housing market, Michael Novak believes this is an opportunity for growth. Novak has opened his own real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. office in the Owings Mills area: Novak Financial Inc. Novak, an established real estate investor relations executive, with over 16 years' experience, believes the "mild" real estate slump is an "opportunity to improve the value of neighborhoods by investing in the purchase and restoration of homes. This allows for the satisfaction of seeing a deteriorating de·te·ri·o·rate v. de·te·ri·o·rat·ed, de·te·ri·o·rat·ing, de·te·ri·o·rates v.tr. To diminish or impair in quality, character, or value: property become a beautiful and functional home." Novak believes the current housing market is an excellent time to buy properties that "need fixing up to either hold or re-sell and still be profitable." His company offers the exclusive Investor Rehabilitation rehabilitation: see physical therapy. Loan Product, touted as the most competitive in the market, providing investors up to 80% LTV LTV See: Loan-to-value ratio (loan to value) of the finished home value. This program provides investors with property purchase money, renovation funds, and closing costs Closing Costs The numerous expenses (over and above the price of the property) that buyers and sellers normally incur to complete a real estate transaction. Costs incurred include loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, all in one simple, loan closing. It is available to both first time and seasoned investors. For first time homebuyers and new homeowners needing help with restoration of properties, Novak Financial Inc. also offers rehabilitation programs Noun 1. rehabilitation program - a program for restoring someone to good health program, programme - a system of projects or services intended to meet a public need; "he proposed an elaborate program of public works"; "working mothers rely on the day care . Novak notes his company's solid partnerships with community banks as well as its proven track record for successes. Interested parties may visit www.novakfinancialinc.com or call 443.738.1614. |
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