It is best to contact your financial institution of choice and speak with a Loan Officer. They will have specialists within their companies that can tell you what needs to be paid and what needs to be changed to best help your rating. Sometimes what you think will help may not. Best wishes-... more
This is a very thoughtful question. Wilma Clay's answer below along with the others thoroughly explored the considerations. Since resale isn't a concern in the foreseeable future, I wouldn't hesitate to improve the home for your comfort and safety.
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I actually spoke with the assessor earlier this week, and he is going to come check out the property in person in a couple of weeks. It is a detached single family home that was built in 2003 before the current assessor started, so he said he has never viewed it personally. He echoed what Drew said with the upcoming July 2009 assessment being based on sales a year behind from July 2007 - July 2008, but he said he cannot ignore what is happening with the current market, so the assessment will likely be an average between the current and last year's numbers. He also said that having an appraisal definitely helps my situation. I am looking forward to hearing what he has to say during his visit, although the adjustment will not take place until the normal assessment schedule in July. Thanks for your answers.... more