How do u go about getting a loan to fix your house

[Wade_sportsman]

I just bought a house about 2 months ago and it needed a lot of work well I have already put about 5000 in it myself and will prob take about 10000 more to complete it how do I go about getting a loan to fix it the house is financed and I have only made 1 payment so far will my bank do this or what?

[txoutdoorsman24]

First remove your left arm and half your leg bc home loans are bad with banks. JK. Your bank should do it since it is for home repair. I have hear of those loans being easier to obtain. Just make sure you stay with home repair as why you need the money!

[bowhntrmatt]

What in particular do you need to do? Will you be doing the work yourself or hiring a contractor? A lot of contractors can help you obtain the necessary financing.

[Wade_sportsman]

Well it's me and my father in law doing the work mainly him though he is a contractor and it's completely getting redone inside new sub floor wall studs floor joist ceiling joist wiring electrical etc flooring floor joist and over half the wall studs already done

[Throwin Darts]

Do you have any equity in the house? How much did you put down and what was the appraised value? If there is little to no equity in the house then your lender will not want to lend more against the home.