Hello there,
My husband and I are looking to buy a house which doesn't have much of a kitchen and would like a mortgage that would release funds to allow us to build a kitchen taking in the existing double garage. I know that such home improvement mortgages exist, but I don't know much about them. Is it possible to get this type of mortgage on an interest only basis? We own our current home outright and would like to rent it out for now, and then sell it up to pay off the mortgage.
My husband and I are looking to buy a house which doesn't have much of a kitchen and would like a mortgage that would release funds to allow us to build a kitchen taking in the existing double garage. I know that such home improvement mortgages exist, but I don't know much about them. Is it possible to get this type of mortgage on an interest only basis? We own our current home outright and would like to rent it out for now, and then sell it up to pay off the mortgage.