refinancing house to remodel

Live where you love. Maybe you’ve found the perfect location, but the house needs improving. Maybe staying in your current (but outdated) home is what’s important.

Waterton to sink $15M into renovations of Lakeshore East apartment high-rise – The Chicago-based investment giant secured a $171 million refinancing on the tower, according to Cook County property records.

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How to Refinance a Remodel – Budgeting Money – Remodeling a home provides benefits, whether you plan to stay in the home or sell it shortly after finishing the work. Young homeowners who have enough equity in their home can consider refinancing the mortgage to free up cash for a remodeling project.

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How to Refinance for Remodeling a House | Finance – Zacks – If you owe $100,000 on your loan, and your house is worth $150,000, you can refinance for $130,000 and walk away with a $20,000 check to cover your remodeling costs. Closing such a refinance.

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Is it Smart to Finance a Home Remodel? | Angie's List – This is a refinancing of an existing mortgage loan, where the new loan is for a larger amount than the current amount due, and the homeowner gets the difference in cash. For example: You own a $300,000 house, but still owe $200,000 on the mortgage. You need $30,000 to remodel your kitchen.

The Best Home Improvement Loans of 2019 | U.S. News – Also similar to a home equity loan, a cash-out refinance is a new mortgage. However, instead of taking out a second mortgage, a cash-out refinance replaces your original mortgage. You’ll access your equity to get cash at closing, which you can use for home improvements.

Hunt Real Estate Capital Refinances a Multifamily Property Located in Los Angeles, California – "The borrower implemented a renovation on the property from 2016 to 2018, and it is now 100% physically occupied." The total renovation investment was just over $788,000. Renovations undertaken.

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