San Diego Housing Market News and Analysis
Need help finding Low/No Equity Home Improvement Loan
User Forum Topic
Submitted by biggoldbear on February 8, 2010 - 4:21pm
Here's my situation:
-I'd like to build a room addition to our house which would likely get our LTV under 80%, allowing the bank to remove the PMI (~300/mo).
-I'd like to get a loan for the addition, preferably with monthly payments roughly equal to our PMI, thereby getting more house for ~same monthly cost.
-Anyone know of no/low equity home improvement loans that could fit this bill? Any knowledge about FHA title I?
-Any potential pitfalls to be wary of?
Thanks in advance
~Financial Market Commentary~
*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA.
~Active forum topics~
~SD Home Price Snapshot~