Question : home expansion financing question?
My wife and I purchased our primary residence in Florida in 2005. At the time, we had a significant down payment.

Now, our family is growing, and we need to add on to the property. We want to add square footage and value (a couple of bedrooms, a bathroom, and potentially more). We make significantly more than when we purchased the house, and we can afford a bigger payment (even looking at calculators). Unfortunately, our equity has reduced, and I’ve heard Florida is a tricky market for lenders.

Is there any way to get a remodel loan, or some other type, to do this project? Hopefully, the assessed value will be more at the end of the project, and we can refinance. We have excellent credit, and other liquid assets that could be used as collateral.
Note: we would rather not move. We have a great lot and location, and it would take a long time or sacrifice to move.
bathroom remodel calculator

Best answer:

Answer by ed
Speak with your present lien holder or apply for a home improvement loan at your bank.
You sound like a solid risk for a line of credit to accomplish this.