Can we get a loan for home repairs, remodeling, etc. ??

Question : Can we get a loan for home repairs, remodeling, etc. ??
We have owned our house for over 3 years now going on 4 years. We have
not had much done to it remodeling or repairs done to it. Needs some
repair work done to it.Is it still possible to get it Refinance? We
would like to if possible get all or some of these things done: Credit
card bills payed off,bills paid up to date,maybe lower our
payments,home repairs, home remodeling,Maybe some cash back, etc.Is all
or any of this possible ? ?? Please reply soon. Thank you much Sincerly
Frank Kuzyk.
home remodeling loan

Best answer:

Answer by shoaib
yes y not

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Comments (5)
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#1 written by CALIFORNIA GOLD 1 year ago

I want to say yes but it depends on how much equity you have, your income, and your credit score for starters. I recommend Smart Choice Mortgage. They do business in most states and are your best opportunity for someone to say yes. Check out the free evaluation form at the source website and a Smart Choice loan officer will contact you within 24 hours. Good luck.

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#2 written by Texas Girl 1 year ago

If you owe less than what your house is worth, then you have equity and you may be able to qualify for a home equity loan. This is the best type of loan that you can get to consolidate credit cards and/or remodel your house. . But you should talk to a financial representative at your bank to see what the laws are in your state regarding this type of loan.

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#3 written by june e 1 year ago

Go for a Personal Loan:

Personal loans provide finance to meet your dreams and aspirations. Whether you want to finance your child’s education, going on a vacation, buying a car or bearing medical expenses, or any other purpose, personal loan is the answer to your needs. You need not tell the lender your reason for taking the loan.

There are 2 types of personal loans – secured personal loans and unsecured personal loans. Secured personal loans require you to pledge any of your assets like you house to the lender as collateral. Many people choose this type of loan due to many benefits like lower interest rates, long repayment time and easy terms and conditions. But your asset is under threat if you cannot make timely payments. Your asset can be taken over by the lender and thus you lose the possession of it.

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#4 written by alexa dion 1 year ago

There are several advantages to getting mortgage pre-approval before looking for a home.

Being pre-approved for a loan lets you know how much you can borrow towards a home, your agent can help you find a home within the loan amount you’re pre-approved for, and a seller of a home is more likely to accept your offer than someone who has not been pre-approved for a loan yet.

Your lender will review your credit, financial, and employment information during the mortgage pre-approval process after you fill out an application.

Once you qualify for a loan, you will receive a mortgage approval letter. It will contain a maximum loan amount you’re approved for and how much time you have to use the loan. This is your bank’s guarantee of the amount they will lend you toward the purchase of a home.

When you are ready to negotiate a price for a home, the seller will be more willing to accept your offer because you already have financing available. A seller would be more reluctant to accept an offer from someone who doesn’t have the money yet to buy the home, because the offer can fall through if the buyer can’t come up with the money at the time of closing. Read more about home loan at: http://www.credit-card-gallery.com/article/14,Advantages_Of_Mortgage_PreApproval

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#5 written by Isaac Laquedem 1 year ago

Yes, if (a) you have reasonably good credit, (b) the house is worth more than the first loan and your proposed second loan, and (c) you can demonstrate that your income is enough to make the loan payments. If you fall short on one of these requirements, you can still get financing, but you’ll pay more for it.

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