we have about $18,000 in available equity. The addition is likely to exceed that amount. Do you know if a mortgage company will lend you more than your home is appraised at for an addition since the value of the home will increase when the addition is complete?
We’ve starting talking to a lender about refinancing but our lender mentioned that when he looked online the home value for our home was less than we paid for it (we purchased nearly 2 years ago). I’m thinking that since home values have fallen, so have ours. Is there anything I can do to [...]
Suppose I take a 30yr loan today. After 2 yrs my home value dropped by 20%. Will my bank ask me to pay any money to cover the difference in outstanding principal and home value?
We paid for a home appraisal for another lender and now we want to check our options. Can we use the same appraisal we already paid for with other lenders?