Funding for Repairs Only

[Nicole Austin]

ISO: I need help. I inherited my grandmother's home 15 years ago. It is uninhabitable as it was in a fire in 2010 and has been sitting ever since. There is no mortgage on it. And I'm not interested in selling or having a co-owner. How can I get financing to repair and renovate it so that I can live there?

[Matthew Kwan]

HI Nicole, 

You can always open a line of credit for the property, since this will be your primary you'll be able to get up to 90% LTV if needed. The other method is do a straight cash out refinance up to 80% where you can use it for renovation and allocation the remaining funds to invest.

@Albert Bui @Carlos Valencia