We bought our home brand new and we've had it for about three years. Since then, it's more than doubled in value (based on comps in the same tract). Since we plan on living here for quite some time, I would like to enhance the landscaping. Haven't gotten any estimates yet , but I'm guessing that we would like to spend 25-50K on improvements. What's the advice from the various Loan Guru's on this forum?

 

Depending on your financial status (DTI), credit rating, etc. it'll be up to you to decide whether you want a 15, / 30 year, or ARM. I'm mentioning this because you might be able to take advantage of lower interest...

Again personally I'd go with the Interest Only 30 year fixed since you plan on staying long term. This insures security, a low monthly, and your income becomes more liquid. Fixed 30 years low interest, can't beat it.

As far as cash out 100% refi, you can get 90% LTV on the first. To access the rest of your equity HELOC. Cheapest money you can borrow.

 

i hate you, in 3 years my house has appreciated 0%. houses around me with same sqft and such are selling for what i paid 3 years ago

 

There's a big difference between Jackson, MS and Orange, CA. On the bright side, your's didn't go down.

 

true, nobody wants to live here