home refinance and improvement loan

Yes you can do that...what is your specific question?

FHA 203k refinance will allow for the refinance of your current mortgage balance plus cost of home improvements. Speak to a local lender about this program.

FHA 203K is a good product.. If you want to use conventional, you would need to do a cash out refinance and use the funds to remodel.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

IF YOU need to do a rehab on your home, and your new loan with the rehab dollars is estimated into that figure, and if over $200,00 I can your loan. please check out my website at www.yourloanpartnerforlife.com linda

If you are wanting to do a refinance, you would have to have some equity in the home if you wanted to get some cash out for any home improvements. Put some thought into a refinance. The closing costs will increase your loan amount. However, if you are getting a much better interest rate this could be beneficial to you. If you have equity, another option may be a second mortgage. The benefit in a second mortgage would be a shorter time for pay off of the loan. I would encourage you to consider more of the options I mention here.