Charlie : Santiago in Missouri City wraps up the festivities today with this one; “I’m planning on remodeling my home. My question is, what would be the best route in getting a home remodeling loan?”
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Tom: I think the best … When you get into home remodeling loans, the first thing is a one with your mortgage, home improvement
Charlie : Home equity.
Tom: Home equity loan, that’s what I’m going after.
Charlie : Home equity loan.
Tom: I would start with that for sure, because you have to go with the equity in your home. They’re going to put a second lien on the house or they’ll roll over the whole thing into one. Whoever does your mortgage is a place to start. My mortgage is with USAA. That would be the place I would start to call for home equity loans. Depending who you are with, I think the easiest thing is to go with the people you’re already established with.