Consumers Digest

Are people who take out small home improvement loans to increase the value of their homes? betting that the value of their homes will appreciate faster than the modest interest payment on their mortgage plus the improvement loan.. are these people stupid Libs living beyond their means? (Assume this scenario is before wall street deregulation in repackaging home loans as investments occurred - destroying the housing market)

What are the best options for home improvement loans? My husband and I filed for bankruptcy six years ago. Our credit scores, we recently found out are still only in the upper 600's. When we recently bought a car we were told we did not qualify for the 0% interest because we had filed bankruptcy. We now would like to get a home improvement loan but not sure what the best option for us would be. Should we just wait longer?

What is the percentage of home improvement loans that are financed? Where can I find such information?

Would Dave Ramsey consider a Home Improvement loan as credit card debt or mortgage? After my wife and moved into our house we got a home improvement loan for windows, it acts as a second mortgage. We have paid off student loans, credit cards and vehicle loan, saved $1,000. My question is with a home impovement/ second mortgage loan are we at step 2 or three. The plan is to pay off the windows as quick as possible, but should we start saving like step 3 according to Dave Ramsey. Thanks.

Need a Home Improvement Loan for a house I purchased 2 years ago in Texas? I looking to get a Loan for $5500.00 - $7500.00 to fixup my house. I'm a first time home owner and purchased the house as a forclosure through an FHA Home Morgage Loan. I don't have much equity built up, but I'm looking for any options available. Government Loans or Grants, First Buyer Home Improvement Loan, Any advise will be appreciated. Thanks

Home Improvement Loans In Mississippi? Can anyone tell me or lead me in the direction of getting my home fixed for little or nothing or any other programs that helps low-income, disabled, or elderly persons in Mississippi ?

Home improvement loans? Can i still apply for a home improvement loan on a property i own but let out??

How to apply for a home improvement loan to improve living situation? I have a home. Now I want to get a home improvement loan to improve my living situation and to qualify for home owners insurance. What can I do? Please give me necessary information.

How long after closing on a home to ask for a home improvement loan? I just closed on a house on Friday, 9/17/10. The house is in need of some repairs but simply do not have the money to do so rightnow. Is it too early to apply for a home improvement loan or any other type of loan to try to come up with 10,000.00 to get a loan? I have some equity..My loan was 100,000 and my house was appraised at over 145,000. Don't know if this helps.

Where should I look for a home improvement loan? We are looking for a home improvement loan to start a couple of projects on our new home. The loan amount should be something around $15,000 to $20,000 with a low APR. Any suggestions on where to look? We're in Indiana.

How to get a home improvement loan? My parents and I own 2 homes on the same lot. We havent had home owners insurance for over 10 years. I want to get a home improvement loan, so I can qualify for home owners insurance and improve my living situation. What can I do? I need the electric, plumbing, and the outside of my house done. No, I don't qualify for hud.

Am I better off with a mortgage or a home improvement loan? I will be purchasing a new home that needs a little work. The sale of my apartment will just cover the purchase price on the new property. If I will need some funds available to spruce up the new place (around $30,000), would I be better off taking out a small mortgage or getting a home improvement loan ? I have good credit. Thank you.

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

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

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

Does anyone know where I can apply for a government home improvement Grant? My husband and I are in desperate need of a new roof. We own our home and were going to get it replaced only due to the economy our bank is no longer giving home improvement loans. Does anyone know where I can apply for a grant? Every place I have tried to fill out an application wants your credit card number which makes me leary. If anyone can help with any info I'd be glad to check it out!

Home improvement and equity loans in Ontario. So confusing, please help!? We currently have a 1st mortgage with Resmor. We would like to renovate (and insulate) our second floor not only to accomodate heating costs but to bring in a boarder to help offset our costs. We need about $15K. Our finances haven't been the best in the past but we've worked hard to increase our credit score, paying on time and is much better now. Is it best to approach our bank for a home improvement loan? If one turns us down, should we continue looking? Should we bring a recent credit report and show how we intend to pay it? Our equity doesn't give us enough to do this and we prefer not to use our credit cards because of higher interest. Once we've raised the value of our home, would this be a good time to put this loan onto a second mortgage? A mortgage broker has offered to do a 2nd mortgage with us. I get so confused with ALL these people who want our money. Help! Please don't send me to a website!

Is interest on a home improvement loan tax deductible? I'm thinking of getting a loan to help with putting up solar panels on my house. Would the interest on a Home Improvement loan be deductible for my UK taxes? Thanks-- LinLin

Searching for home improvement loans (in Ontario) can be confusing. Can someone help us? We currently have a 1st mortgage with Resmor. We would like to renovate (and insulate) our second floor not only to accomodate heating costs but to bring in a boarder to help offset our costs. We need about $15K. Our finances haven't been the best in the past but we've worked hard to increase our credit score, paying on time and is much better now. Is it best to approach our bank for a home improvement loan? If one turns us down, should we continue looking? Should we bring a recent credit report and show how we intend to pay it? Our equity doesn't give us enough to do this and we prefer not to use our credit cards because of higher interest. Once we've raised the value of our home, would this be a good time to put this loan onto a second mortgage? A mortgage broker has offered to do a 2nd mortgage with us. I get so confused with ALL these people who want our money. Help!

Can my daughter pay my home improvement loan? I do not live in my house where the home improvement was taken out. The loan is in my name only. My daughter now lives there and pays me the home improvement payment to me and I pay it to the lender. Is this legal? I believe I asked the wrong question. My lender is Citi-fianial.. Please help. Sry about the last question. Keep it simple lol ty much! Hugs

Which is better,Home improvement loan or buying a new home with today's rates? Right now which is better, getting a home improvement loan and add a new bedroom or sale it and purchase a new home with today's low rates?

who has unsecured home improvement loans?

What kind of loans are there for home improvement? I'm planning to have a pool built but need to know what kind of loans there are.

Whats the best option to get finance for home improvement? I'm thinking of renovating my house and am wondering what would be my best option to gain funds to do the work.My mortgage company do advances on mortgage that you pay off over the remaining time that would be twenty years.Would it be a good idea to do this or would I be better getting a separate home improvement loan from another company.

Home Improvement Loans for People with Bad Credit? My mom owns her home free and clear, so she has no mortgage at all. A quick search on zillow.com values the home at around $120,000. My mom is looking to sell the home and move to SC (warmer weather than Upstate NY) However, she would like to make a few needed updates and improvements in order to maximize the profitability of selling the house. Their are two problems though. She is retired, so she only collects SS and her credit is not what you would call great or even good. Are there any legitimate options for her?

Whats my best option to get finance for home improvement? I'm thinking of renovating my cellar in my house and am wondering what would be my best option to gain funds to do the work.My mortgage company do advances on your mortgage that you pay off over the remaining time left which in my case would be twenty years.Would it be a good idea to do this or would I be better getting a separate home improvement loan from another company.The work has been quoted at roughly 5/6 thousand pounds.Has anyone got any advice?

I'm delinquent on a title one home improvement loan? I have been unemployed for about 18 months and have fallen very behind on a title 1 home improvement loan. The bank will not work with me at this point. What will happen if they try to initiate collections on this type of loan and I'm unable to pay what they want. Thanks

Home Equity or home improvement loan on a MOBILE HOME? I've read that it's possible, and seen mention of a FH! Title 1 loan, but I've called a few banks and so far, none say they will do it. Does anyone know of a lender that does this? I own the land, it's a 1980, well kept (remodeled) home, with detachable 2-car garage, etc., - in other words, it's not your usual near-worthless mobile home situation. I'm in California.

Home improvement loan or home equity loan? We want to make some small improvements to our home (refinish hardwoods, new carpet). We owe 135k on a home worth 180k. Which loan would be best?

Where do I find a home improvement loan ? I OWN MY HOME AND HAVE BAD CREDIT BUT I NEED TO DO SOME HOME IMPROVEMENTS WHO DO I CONTACT FOR A LOAN WHEN MY BANK HAS DENIED ME?

I need advice on getting a home improvement loan? I only need about 2,000 just to make a few small improvements I barley have any credit but we only owe about 44,000 left on our mortgage I tried to apply for one but the minimum loan allowed was 10,000 and I don't need that much is there any way for me to get a home improvement loan and tack it onto our mortgage instead of having a monthly payment we would just pay on our mortgage a little longer???

home improvement loans? replace central heat and air

What is the best and easiest way to apply for a home improvement loan? My husband, his dad, and I, all live in a house that was built in the 20's. Problem is, my husband doesn't want to move to a different house because God only knows why. So, instead of moving, we have talked about fixing this old house up. It's made out of logs and sheet rock. We have no carpeting, and all the beams and whatnot underneath the house need to be fixed. Is there any way I could get a loan to fix all the broken junk in this place? Serious answers only, please. Oh yeah. We have no morgatge payments either. But, the thing is, his grandpa passed away in 2002 and there was no will left. Someone said something about putting the deed up to get a loan from the government? Oh yeah. We have no mortgage payments either. But, the thing is, his grandpa passed away in 2002 and there was no will left. Someone said something about putting the deed up to get a loan from the government?

How am I to get a small home improvement loan? I just started a bank account not too long ago. I guess this means I have no credit.

What is an FHA home improvement loan? What are the qualifications to get one? Is it only for buying a house that needs work? Or can it be for a house you already own?

are there any grants in NYS for people who cant get a home improvement loan? I need siding on the top of my house. It's 1.5 story brick on the bottom and siding on the top. Can anyone help?

What's the best/easiest way to get a home-improvement loan? any suggestions?

What type of home improvement loan do I need.? I,ve inherited my grandmothers home and plan to borrow 40,000 to 60,000 to renovate it. I have good credit and will live in this home.I may not need this much as I will be doing most of the work myself.

What website can give me instructions how to apply for a government home improvement loan? I would like to have detail to detail instructions without having to pay for this infomation. Also, how soon can one get a grant?

What is the ballpark interest rate on a personal or home improvement loan?

Ohio Area What Home Improvement Grants or Loans for Americans On Disability.? I bought a home In OHIO 2 years ago, I have lung problems and am on disability, what State run or government run grants and loans can I get to dry out my basement so the mold doesnt get worse, also ned other repairs, windows/siding.

What is an interest rate on a personal or home improvement loan?

hi can anyone tell me how to get a home improvement loan One of my children bought a home that was for sale, (she does not have a mortgage) the house needs repairs new bath room and hot water heater carpet and kitchen floor tile central air unit and heating unit, we figure in the amount of about eight thousand dollars to get the house live-ble, who does she need to call about a loan and what type of loan do she ask for. I see a lot of home improvement loans on line which one does she need to use. Has any one had this problem. If so please help me they are staying with me. HELP!

Energy Efficient Home Improvement Loan? Im am looking for lenders who are giving home improvement loans for energy efficient upgrades on redsidental homes. These loans are for current homeowners. All I have been able to find FHA's Energy Efficient Mortgage but thats not what i need. Does anyone know any lenders with this type of loan?

What is the max home improvement loan one can take? Or is a construction loan better. PLZ answer both ?'s? Home is paid off but needs upgrades and major repairs.

with this financial disaster going on now, will I be able to get a home improvement loan? I am in so. cal. Will the bank loan money now? zi have good credit. Will the loan be based on an appraisel?

How or where can I find a Title I home improvement loan? Looking for a HUD/FHA Title I loan.

What is the best way to get a home improvement loan?

Where can I get a home improvement loan if I have bad credit?

Home improvement loan for first time buyers? My fiance and I have found the exact home in KY we want to buy: on two acres surrounded by state forest and only twenty minutes from downtown! All this for less than $100,000. The problem? The home definitely needs some cosmetic work. And it's tiny. We are first time home buyers and have no equity. Is there any way we can buy this home and get say $30,000 in home improvement loans? We've been approved for almost $200,000 for a home loan. Yes, I realize it's not a good idea to buy a house for more than you can afford, hence the housing situation we are in now. The house is $80,000 and we want to take a separate home improvement loan for $30,000. We both have very good jobs and are more than capable of making these payments. What I want to know is if there is any possible way to get the $30,000 for home improvement. Our realtor doesn't know and our loan officer doesn't think so. Yes, I realize it's not a good idea to buy a house for more than you can afford, hence the housing situation our country is in now. The house is $80,000 and we want to take a separate home improvement loan for $30,000. We both have very good jobs and are more than capable of making these payments. What I want to know is if there is any possible way to get the $30,000 for home improvement. Our realtor doesn't know and our loan officer doesn't think so.

Home improvement loans? My home is worth $133000. It needs some home improvement work. I have tried to get a loan for $20,000. The bank won't give me a loan for $20,000 because of recent slow payment. I was late on my car payment. The places that I have found that will give me a loan want to give me a loan of $50,000+ Please help me.. I would like to find some place that would give me a loan for $20,000.

Home improvement loans after mortgage? My wife and I are looking into buying a home that is for sale under "Short Sale" terms. The price is of the home is $65k and we are pre-qualified for $67k, however the home may need another $20k in improvements (i.e. repair porch, roof, etc.). Is there any type of federal aid to help with this? and no, we are not first time home buyers. I know with HUD housing there are 203k loans, but this isn't a HUD home. Also, would it help having a FHA loan vs. having a conventional loan? I thought our lender had pre-q us under a FHA loan. Thanks

Home Improvement Loan on Paid Off House? Me and my wife are about to own a house her uncle is signing over in our name. He has alot of debt and does not want to lose the house so hes giving it to us to live in. Well, we would like to take out a loan against the house.... Which loan would be best to take out. It would be for repairs and such. Oh and i have good credit as well but she does not. Would a home improvement loan be what i need? The house is paid off as well.

MY family and i are tryng to get a home improvement loan but are having trouble due to our roof damage from? we cant get a home improvement loan on our house until we fix our roof wich was damaged due to past hurricanes. the place realy needs fixing the mortgage keeps going up and the place is just not worth it any more how do we get out of here?

Can you take out a home improvement loan and add it to your mortgage?

my home is paid for fully I would like a Home improvement loan? using my 3 bedrm. 2 bth.house with my shop on the same2lots as the hse. using it for collateral

when applying for a home improvement loan what counts as income? when a person get va disability and gets social security should this be counted as income

HELP!!!! How can we get a home improvement loan with no out of pocket money? we are looking to buy a home that needs repair but we are doing 100% financing and need extra money that doesn't cut into our budget!!!

We are buying a home contract for deed from my father is there any way to get a home improvement loan?

I want to get a home improvement loan? I have a title to my house that i want to put up on the loan. what is the best way to go?

how can i find a lender for home improvement loan with poor credit? i been in my home 20 yrs

Where can I get a home improvement loan,when I have bad credit?

Can I get a home improvement loan or line of credit if I just purchased the house? I am in the process of purchasing a home but would like to get a home improvement loan or line of credit before I move in so I can make the upgrades before I move all of my stuff into the house? Can I do that right away after purchasing the house, if so where can I get the loan or line of credit?

I have very bad credit, but I need a home improvement loan.? I own my house that is worth about 250,000, and I owe 77000 on it. No other second mortgages. I know that given my very poor credit rating I can only seek the assistance of a subprime lender, but where do I go to find a reputable.

i want a home improvement loan, and draw on my home equity for that- how? what is the procedure for that?

Can I get a home improvement loan ....? I am buying a house and its in my name and the financing company holds the lien on the house. It needs quite alot of work and needs an add-on or two. Can I get a home improvement loan still? Thank you all for any help and/or advice!

i am buying my house on contract and need a home improvement loan, cannot use house as collateral? im buying it from my cousin, and cannot use house for loan. credit score very low

If I have applied for a home improvement loan, was ok'd, and even went as far as an appraisal, and then I back? out, approximately how much will I owe the finance company, if any?

home improvement loan and foreclosure? I am foreclosing my home and have a separate home improvement loan for a pool I built. After foreclosure on my mortgage, will this also foreclose my pool loan or will I be responsible to pay back the loan for my pool???

where can I get a home improvement loan on a mobile home in a park?

Would someone give me a home improvement loan? Yeah I know go to a bank right...well I did my credit score is 6 points away from them allowing me to get the loan and they will not make an exception. I have paid all my bills on time but can't seem to get my score raised. Anyway if there is anyone that is willing to give me a loan that would be great...

Who funds the Oakland County Michigan Home Improvement Loan? Who funds the Oakland County Michigan Home Improvement Loan??? I would like to find out if this is all funded by Oakland County tax payers. If so which board votes on funding. What board regulates the office and employees working for this office. Is it the Oakland county planning commission? If somebody has the exact name of the board and the web address, Phone number, or even names on the board I would greatly appreciate it.

We are considering purchasing a swimming pool for our home. Is it common to get a home improvement loan?

How can I get a loan for home improvement when I don't own the home? The home is paid for and I have been allowed to move in. The home is in my aunts name which she is in a retirement home. The home will be in my dad's name after my aunt passes. I can move into the home as is but it really needs updating and additions.

Home Improvement Loan? My husband and I own a home that we bought for $26500. It was completely gutted. My husband completely fixed it up, but it still needs alot of cosmetic work -new drywall, trim, paint, some carpeting. We want to re-finance but it is in no shape for an appraiser to come out and look at it. We re-financed it last year, and it was appraised at $55,000. Our loan on it now is $35,000. We don't know anything about rehab loans or home improvement loans, so we don't know where to begin. Doesn't the home have to be appraised again? Our upstairs is opened up, it was an attic, and we don't have any drywall up. It is basically an attic with a stairway access. Could this be a problem in getting the loan? Oh, and we have new siding that needs to be put on, but we can't afford the soffit and fascia to finish it - e.g. home improvement loan. Our credit score is Fair, if that is in question....

Military Home Improvement Loan? I need to make some improvements on our house. Potentially a new roof and some new windows and doors. I'm trying to find a decent military loan, but all I seem to come across are VA loans, and I don't think we qualify for those, because my husband isn't a veteran. He's active duty Army. Does anyone know any reliable sites/sources for a military loan or any other type of home improvement loan with low rates. Also, would those type of improvements qualify us for the tax breaks Obama put into effect? Would we get any sort of tax refund for a new roof/windows/doors? That would be an energy effective thing, wouldn't it? Any help anyone can give me would be greatly appreciated. This is definitely not my area, it's my husband's. But he's not available to help with ANY of this right now. Thanks!!!

Doubt on home loans interest tax exemption? Request clarification on the rule for exemption of Interest on Housing Loan: I have a property in Bangalore , which is self-occupied and I am claiming exemption under Section 24b for the interest on housing loan of Rs.94,500/- I have another house in Chennai, which is rented out and I have decelared the income received from this house. I have acquired a home improvement loan for this property and I have paid interest of Rs.83,800/- on this loan. Can I claim a total deduction of the second interest of Rs.83,800/- out of the net income from property (Rental Income - House Taxes paid - 30% of the rental income)? I presume the limit of Rs.1,50,000/ for Interest on housing loan does not apply in this case. Or, is there a rule that interest on both loans put together should not exceed 1.5 Lacs, i.e., though the total interest is 94,500 + 83,800 = 1,78,300, should I claim only 1.5 Lacs as exmption? Does the interest on loan for the second point, where I am showing rental income also come under Sec 24b, or is it some other section? A further point in question is Rental Income - House Taxes paid - 30% of the rental income amounts to Rs.82,000/- whereas The interest on housing loan for this house is Rs.83,800/- Since the interest exceeds the net rental value, am I allowed full exemption of the interest? Look forward to your clarification. Thanking you,

If I have a low intrest home improvement loan, should I make extra payments or invest extra money instead?

can you buy a car and finance it with a home improvement loan so you can write it off?

Home loans? I am looking to improve my home with a home improvement loan. Does anyone know the best place to get help? Now this is not to refinance my home. It is only for improvements to bring up the value of my property. I need it based on credit and income. Not wishing to give away a kidney just for a bathroom. I need help because I think I can right now afford maybe a Johnny on the spot.... Help is needed. The bank and a certain home loan place want to charge interest way to high. The company that sold me the house says that the house is not valuable enough for them to give me money to fix it up. Great they were willing to make me pay for it though. (giggling) The money pit I live in needs some help... If you can think of a way that I can get the funds let me know. Oh yeah I have no equity in this pit. So there you have it...Can you help???

What kind of credit score is needed to get a title 1 home improvement loan? have good income but in 550's. My husband has just returned to work after being off work for a while. I have had steady work the last 7 years and make good income, together we do fine. We need a new roof, remodel kitchen and fix a bathroom and would like to get a Title 1 home improvement loan. We do not have much equity even though we have been in our home for 7 years. What kind of credit is needed for this type of loan and what can you tell me about qualifying for it. We currently have a 30 yr FHA mortgage 7.5 pct and would like to not change this.

what is the best way to finance home improvements? I'm just wondering if we should do a home improvement loan, refinance our mortgage, do a home equity loan, etc. We are looking at doing siding, some windows, soffits and fascia, etc.