Home Improvement
Often, home owners decide to pay cash or use equity to finance a home improvement. This can be a very costly decision. Just as with the purchase of your home itself, a carefully financed home improvement project can save you thousands. We can, for example, structure a mortgage using a construction loan to make the improvements; once they’re completed a new appraisal is used to establish the value of the improved home for a new mortgage - so instead of having two mortgages, you can have one and take full advantage of your home’s higher value. Many other scenarios are possible; the key is plan the mortgage as carefully as you plan the home improvements.
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