Is this based on the current equity in the house? Wells Fargo also offered a similar remodeling loan but when we wanted to pursue it further, we were informed that it is based on our current equity and the future value of the house (from improvements) - effectively saying we are not eligible in the current conditions. Can you give use some more details please.
I am a mortgage broker. If I can be of service, please let me know!
877-238-6324 Ext 704
I would be happy to discuss with you and I am local.
It is a loan that funds on future improvements to a property.
I hope to speak to you soon
Hope I was not too black and white.
Wells Fargo Home Mortgage