Yes you can, but you may have a seasoning issue. Some lenders will want you to to have lived in the home for 6 months. If not they may go off the purchase price and not the appraised value. Talk to a mortgage broker, one who works with many many companies. Where as he/she only has to pull your credit one time, and the lenders will go off their credit. That way if one lender says no, than she/he can go to another lender. Good Luck.
Sure you can. I’m not sure why you’d want to, though. You want to get a personal loan, then refinance your home to pay that loan off and use the proceeds from the original loan to do some home improvements? Why don’t you just skip the personal loan part of your plan and get a home improvement or cash-out mortgage loan?
Rickhttp://www.fairwaymortgagelending.com
Yes you can, but you may have a seasoning issue. Some lenders will want you to to have lived in the home for 6 months. If not they may go off the purchase price and not the appraised value. Talk to a mortgage broker, one who works with many many companies. Where as he/she only has to pull your credit one time, and the lenders will go off their credit. That way if one lender says no, than she/he can go to another lender. Good Luck.
yes you can do what you like with a personal loan.
Sure you can. I’m not sure why you’d want to, though. You want to get a personal loan, then refinance your home to pay that loan off and use the proceeds from the original loan to do some home improvements? Why don’t you just skip the personal loan part of your plan and get a home improvement or cash-out mortgage loan?
Rickhttp://www.fairwaymortgagelending.com