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Post by warrior1991 on Sept 16, 2020 16:57:40 GMT
I decided in December/January to add a bathroom to the upstairs of my house and was able to buy everything before COVID hit so I'm good there. Everything is in storage. And my builder is my brother, I just have to wait for his schedule. Wait on his fulltime job, his family and his farm.  Was going to redo the kitchen ceiling too after fixing a bad leak and ripping it open to add the plumping for the upstairs bathroom, and was going to wait until next year but with the interest rates so low. Planning on refinancing as soon as all the work is done. So I'm bugging my brother more now to get everything done soon. lol Why do you need the projects done to refinance? When we refinanced in the past they never have to come inside the house for inspection. Not sure if it is different if you are taking out money. From what I've read there is a refinance fee that will be introduced soon (end of the year?) and will increase the cost significantly so sooner is much better than later! I am not taking out money with the refinance. The bank said getting everything done before the refi would be best so they don't have to send the appraiser in twice. But I REALLY need the bathroom done as soon as possible so it should all work out. We will be done before the end of the year. |
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Post by Jennifer C on Sept 16, 2020 17:38:53 GMT
We've done little things. We put molding up in the rooms that did not have molding, I painted my front porch ceiling a light blue and I've changed most of the light fixtures in the house.
Jennifer
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caangel
Drama Llama
Posts: 5,710 
Location: So Cal
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Post by caangel on Sept 17, 2020 6:55:00 GMT
Why do you need the projects done to refinance? When we refinanced in the past they never have to come inside the house for inspection. Not sure if it is different if you are taking out money. From what I've read there is a refinance fee that will be introduced soon (end of the year?) and will increase the cost significantly so sooner is much better than later! I am not taking out money with the refinance. The bank said getting everything done before the refi would be best so they don't have to send the appraiser in twice. But I REALLY need the bathroom done as soon as possible so it should all work out. We will be done before the end of the year. This popped up in my news feed. Looks like the refinance fee starts Dec 1. www.msn.com/en-us/money/realestate/mortgage-lenders-are-adding-the-refinancing-fee-you-can-still-avoid-it-if-you-act-now/ar-BB197Hm8Good luck on your remodel! I've got to figure out ours so I can start on my cousin's bathroom once she leave for basic. |
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