?

Log in

No account? Create an account

Previous Entry | Next Entry

Maybe not exciting, but another possible avenue has come to my attention.

Found a different loan agency that may be willing to do a refinance based on the value of the house after repairs are completed, rather than on the value right now.

It would mean no cash-out; all repairs would have to be completed by licensed and bonded contractors and would be paid out of an account. I'm quite okay with that, as long as I get to choose the work that's done (no way in hell I can afford a $300k mortgage) and it would be going toward fixing up the house.

Still a very preliminary option, but a hopeful one.

Comments

( 6 comments — Leave a comment )
petsnakereggie
Jul. 26th, 2006 09:35 pm (UTC)
That kind of loan - a home improvement loan - is the kind we got to do the work on our house. I hope it works out for you.
sageincave
Jul. 26th, 2006 09:55 pm (UTC)
I think you will be *much* happier having other people do as much work on the house as possible, as long as the interest rate is not absolutely ridiculous.

That will leave you more time to have fun, and with the house mostly fixed, you won't be stressed out all the time.
magicmarmot
Jul. 26th, 2006 09:58 pm (UTC)
What is this "fun" of which you speak?
sageincave
Jul. 26th, 2006 10:06 pm (UTC)
I was thinking of film-making. Or you could just take up building ships-in-bottles.
thegooderic
Jul. 27th, 2006 09:16 pm (UTC)
Hey are you lookin' for a roommate?
magicmarmot
Jul. 27th, 2006 09:19 pm (UTC)
Eventually, yes. The Big Broken Box™ isn't quite fit for actual humans quite yet, but prolly in a couple months.
( 6 comments — Leave a comment )

Latest Month

April 2012
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
2930     

Tags

Powered by LiveJournal.com
Designed by Tiffany Chow