Is it a good idea to borrow money for home improvements so that I can refinance my mortgage?
I only have one credit card but it is almost maxed out.
You can also refinance AND get the money to do the repairs and upgrades all in one loan. It is called a refi-reno. There is an FHA version and a conventional version. The appraised value of your home is based on the "after-improved" value. You must have a bid to complete the work by a licensed contractor. If you are dealing with renovations that encompass multiple trades you will need a General Contractor. | 11.02.16 @ 11:30