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Updated almost 7 years ago,
Cash-out refinancing to cover inheritance buyout AND remodel?
My brother and I inherited our mom's home when she passed away in December. She had a small mortgage left on it. We discussed selling it, but he now wants to keep it and remodel it (it needs it - outdated, foundation issues). He's been talking to lenders, but a few of them have said that they can do loans that will pay of existing mortgage AND give money for remodeling, but buying my interest/inheritance is an issue. Evidently they can't do all three things. Is there no other way to do this? Are we stuck?