Home Renovation - Renovating your home for profit and pleasure » Renting & Real Estate

Should I get home improvement loan or refinance with cash out?

home improvement expert — Thu, 12 May 2011 04:02:21 +0000

Lola asked:

I want to refinance my home to take advantage of lower interests rates. I also want to renovate my house since it has severe structural problems.

Should I refinance and get cash out to use for home improvement or should I refinance without cash out and get a separate home improvement loan?

What is the difference between the two scenarios?

– House Remodelling

Is there a such thing as first time home builders grants and/or renovation grants?

home improvement expert — Mon, 15 Nov 2010 06:52:48 +0000

icohn_77 asked:

I have a friend who is building a house and has completed the framework of the house. Is there a grant he qualifies for the complete the construction of his home? If so, how do he go about getting it?

…instantly.

How can I go about buying a home for renovation while living in it?

home improvement expert — Wed, 20 Oct 2010 23:02:25 +0000

liyj asked:

I am thinking about buying a home, perhaps a CHEAP one like 60,000 that I could fix up. However I don’t have Excellent credit, but it’s not poor either. I don’t have any money for a down payment, and feel it would take too long to actually save for one, (10,000 maybe a few years).

Basically I would like tips and information on buying a home without a down payment or a very low one. And where in the US to buy a cheap home <70,000 to renovate to flip in a few years. And lastly, do you recommend buying w/o downpayment, renovating (on a loan) then selling to buy another home and repeat.

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If you have a lien on your house can you get a home improvement loan on the property?

home improvement expert — Sat, 04 Sep 2010 17:26:17 +0000

juju b asked:

The property is financed through a private party, not a bank or mortgage co. Can you get a home equity loan to fix it up? Or a home improvement loan? even though there is a lien on the property?

How can you obtain money from a lender to do renovation to your home at closing?

home improvement expert — Sat, 31 Jul 2010 04:37:32 +0000

Dee N asked:

Purchasing a home but wish to do alterations to the home. I would like to use additional funds to do the alterations and upgrades.

what are some of the details of a mortgage with a home home improvement loan?

home improvement expert — Wed, 08 Apr 2009 01:05:26 +0000

Fordie_ounces asked:

Im looking to buy a house that needs a good amount of work. I dont have extra money to pay for the remodeling. But I have read that i can possibly get some sort of home improvement mortgage that will give me extra money to fix up the house. Rather than buying the house and then having to get a reappraisal and then a home equity loan.