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7 votes

How Much Rehab/Partial Rebuild Can Be Done While Keeping Existing Mortgage?

Talk to the bank. If you have a reasonable income/mortage ratio, and a good plan for the renovations the bank should say OK. After all, the end result will be a house worth more than before and ...
Stig Hemmer's user avatar
13 votes
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How Much Rehab/Partial Rebuild Can Be Done While Keeping Existing Mortgage?

Two important aspects to consider are habitability and collateral. Many mortgages (or the insurance policy required by the mortgage) stipulate some kind of occupancy requirement, meaning that the bank ...
Nuclear Hoagie's user avatar

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