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If I had a 100% loan for $100,000 and made $20,000 worth of home improvements within the first year, can I get my lender to cancel PMI?

I have a town house in southern California. It is 1650 square feet, 3bd/2.5 ba, has a yard and 2 car garage.
I want to do some light remodeling: new kitchen cabinets, granite countertops in kitchen and bathrooms, update bathroom tubs, and other things. My whole project will cost about $27,000 for materials. No labor costs.
My wife and I plan to remain living in the town home for at least another 5 years because starting a family. We will have our place paid off (& will be debt free) in a few months and may possibly sell it one day if our neighborhood gets bad. But we may never move because real estate is SUPER expensive near the beach where we live.
Is $27,000 too much to invest in my town house? My reason for the updates is not for resell but to make our home more custom.
I want us to be happy with what we have so we don’t go house poor buying a fancier house.
Also, should we save our money for 18 months to pay for the project in full, or should we get a loan?

If I had a 100% loan for $100,000 and made $20,000 worth of home improvements within the first year, can I get my lender to cancel PMI?

On the radio this morning, in St. Louis, I heard that you can get federal or state grants (NOT a loan – they clarified) for home repairs by looking at economic grants. The woman said that the government has these grants because they provide work to people and improve communities. She said you don’t have to have a low-income and that the only requirement is that you live in the house for at least two years (or move out within two years, something like that). I cannot find this information anywhere. Can anyone help direct me to the right website?

I asked this late last night (early this morning), and pretty much all I got was what seems to be spam for answers.
Anyway, if I recall correctly, a bank will only issue a loan for as much as a home is worth (or appraised for, I guess).
There’s a foreclosure in our neighborhood that no one touched while the seller had it on the market… honestly, it’s ugly – aluminum siding, brick veneer, and the layout of the house is odd, but we’ve decided we can make it work.
Anyway, since it didn’t sell, that owner had it seized by the bank. My husband and I want to make a low offer on it, and maybe get financed for an extra $20k in home improvements (even this would still put our loan quite a bit lower than the home’s appraisal value). Do banks do this? We’re qualified for FHA financing, but we can also put 10% down alternatively.

legally i mean

I need to take out a personal loan for around $20k for house repairs. Plumbing, broken down fence….etc. These are not just cosmetic repairs needed.
My wife and I own our home and she owns a condo as a real estate investment. We both own our cars, our FICO’s are in the high 600’s (her’s is 687).
We’d like to do it unsecured, so that we don’t have to go through an appraisal, but, at this point, we’re willing to look at all options.
We’ve gone to a credit union. They asked us to join for $30 and then have not gotten back with us at all.

I asked this late last night (early this morning), and pretty much all I got was what seems to be spam for answers.
Anyway, if I recall correctly, a bank will only issue a loan for as much as a home is worth (or appraised for, I guess).
There’s a foreclosure in our neighborhood that no one touched while the seller had it on the market… honestly, it’s ugly – aluminum siding, brick veneer, and the layout of the house is odd, but we’ve decided we can make it work.
Anyway, since it didn’t sell, that owner had it seized by the bank. My husband and I want to make a low offer on it, and maybe get financed for an extra $20k in home improvements (even this would still put our loan quite a bit lower than the home’s appraisal value). Do banks do this? We’re qualified for FHA financing, but we can also put 10% down alternatively.

Bought my house about 7 months ago on a 100% financed mortgage with an unbelievably low interest rate, so I want to avoid refinancing. I don’t think i can do a home equity loan because I have little to no equity since i did the 100% finance. Any ideas? I need about 10000 – 15000 for new siding work.

Eco-friendly home improvements seem to be increasingly sought after by the British, have been reported.
In the search for Legal & General, was shown as part of its ongoing Changing Face of British Homes study that the green lifestyle changes for an increasingly popular way for members of the public. The study found that about 37 per cent of people have installed both sealed and double glazing. Meanwhile, showed 25 percent of respondents said that an additional loft insulation are provided.
For consumers who may be an effective means for implementing the improvement of their properties, such as double glazing and loft insulation with a low-cost home loan to be useful.
The study also revealed that almost three quarters of Britons are using low energy light bulbs, recycle, with 23 percent of respondents found the rainwater. Ensure that electrical equipment not in standby mode and the use of reusable shopping bags also proved to be popular environmentally friendly lifestyle changes. Meanwhile, the recycling of waste, as the most appropriate means to lead people into a lifestyle green. Overall, 98 percent of people died to take steps to improve their environmental performance.
It seems, however, a large number of British people want to do only entity to change when it suits them to be more than half of respondents over charged for services, waste unhappy. It is estimated that about 23 percent are having these plastic bags in supermarkets and shops will pay annoyed.
Commenting on the figures, "said Ruth Wilkins, head of communications for General Legal & General insurance companies:" As people are forced by the implementation of green initiatives, efforts to more residents to recycle their rubbish angry are beginning to pay with a recycling rate jump from seven percent to 33 percent in the last ten years. Legal & General Recent research shows these results would support the Changing Face of British Homes research, which many of us are going to become more environmentally friendly. Brits want to make their own decisions about how and when they are green. "
Mrs. Wilkins has been reported that the homeowners think of the implementation of major improvements to their properties, which are an environmentally friendly way "to deliver on their assurance that they are covered under the terms of their policies important to check."
For consumers who are renovating their house – to help the process of steps to save the environment could be – a loan homeowners to be useful. To obtain this type of home loan, it may be possible that the cost of installing eco-friendly improvements – such as cavity wall, biomass heating systems, verification and design of solar panels – can be met quickly and economically . Indeed, borrowing for the purpose of financing the growing popularity of home improvements could help, after a recent study has shown, Lloyds TSB up 19 per cent increase in interest on loans applications for these purposes this month, compared August 2007.