Yes I would agree with your mortgage broker on this point. When showing homes in my area a lot of attics are not livable and the ones that are bring more desire from buyers. Also, you are making an investment by adding the additonal rooms. When and if you decide to sell this will make it more benefical for you also because it could help your home sell quicker if this is something that most homes in your area do not have being a liviable attic.
Feel free to contact me with any further questions... email@example.com... more
Hi Frank, now is a great time to refinance your home while interest rates are at historic lows. I have a wonderful Mortgage Representative that I use moat of the time. Feel free to contact me if you would like her information.
Good Luck on the Refinance of your Home Mortgage!
I am not aware of any stated loan programs at all anymore?? I sold 40 homes last year and with the exception of a few cash sales all are full doc loans-- Thats just my experience, You may need to seek a private money lender and thats not something I would suggest.... more
Potential rental income is not considered when applying for a mortgage unless you have a tenant already and have signed a lease with them. If you have any other questions, I would be very happy to answer them.... more