Jozogo asked:


We are currently considering building an addition on our home but go back and forth with whether it would be better to just move. We are looking at converting an existing attached 2 car garage into a large rec room and building a new 2-car garage in front of the old one. We have the available space to do this. We’re also thinking about remodeling the kitchen at the same time and building a full bathroom (we currently have a half bath that would then become a walk-in pantry and/or coat closet? We don’t have a basement.

The next step up in homes in the area that might have a basement and are about 15-20 years newer than our current home are about $100k-$250k more in price.

It might also be noteworthy that we currently have a 5% 30-year mortgage with equity available for a home equity loan.

GILBERTO

aloevera_rm asked:


i wan to purchase 989 sqft flat, i need 5 lakh loan, what is the procedure, i have 1200 sqft plot at tambaram, is it possible to get loan or mortgage rasu madurai, chennai

MONROE

Ladybug asked:


I checked out the loan and the interest is not too bad giving that this is a second mortgage that gives money for repairs and pay offs. The only thing I see is that it eats up all the equity and we will need to live in our home for at least 15 years before trying to sell…so that alone is the biggest decision. I am just wondering if there is anything else I should be looking for???
Thank you for the advice. The rate is 9.5% Fixed for 15 or 20 years. There is no pre payment penalty.

JULIUS