All Forum Posts by: Jody R Miller

Within the next year I am going to be renting out my house because I’m moving in with my soon to be husband. However I do you need to take out a loan to update some things. Electrical work needs to be updated, new hot water tank, etc...What would be the best type of loan to take out for these updates??

I currently pay a mortgage (4 yrs now). I want to potentially rent it out in the future, however, I’m going to need to take out a loan to rewire the house, replace some appliances, etc. I’m thinking about 10-15k will take care everything. What’s the best type of loan to take out for home improvement?

I’m currently paying a mortgage. I owe $58,000 on it and I’ve been in it for about four years. My mortgage loan was a little over 63,000. I want to potentially rent it out in the future, however I am going to need to take out about a $10,000 + home improvement loan to have the house rewired, replace some appliances, and I may even have to have the roof replaced. This is going to add an additional $300 plus a month to my monthly payment. I’m needing guidance!!Would it be best for me to sell the house instead of going into more debt with this property, or is it worth it to go ahead and take out the loan to have the property updated???