Tuesday, January 8, 2013

What if there are no home improvement items In the store on virtual families?

Q. I am playing the lite version for iPad, and there are no home improvement items or "various items" available in the store. I'm not sure if that is just a downside of the lite version or if that is not normal.

A. That's the downside buy the full version if you want to buy improvements to the house

If you have a lien on your house can you get a home improvement loan on the property?
Q. The property is financed through a private party, not a bank or mortgage co. Can you get a home equity loan to fix it up? Or a home improvement loan? even though there is a lien on the property?

A. Yes. The mortgage company will want to get the home appraised to make sure it is worth how much you are trying to take from it. But as long as you have enough it should not be a problem. You can either keep your current mortgage and also get a second mortgage for however much you are looking to get. You also have the option of refinancing and paying off the original lien and receiving the rest of the money from the loan payed out to you so that you can use it for home improvements.

How to get a home improvement loan?
Q. My parents and I own 2 homes on the same lot. We havent had home owners insurance for over 10 years. I want to get a home improvement loan, so I can qualify for home owners insurance and improve my living situation. What can I do? I need the electric, plumbing, and the outside of my house done. No, I don't qualify for hud.

A. Why don't you qualify for homeowner's insurance?

While a lender would usually require insurance, having insurance doesn't imply that you can get a home improvement loan.




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