beach_babe971 asked:


if im buying a house 10% below value, and put 10% down. i have 20% equity. then if i do repairs and upgrades, i will have more equity. so after i do repairs and upgrades i would have 30% equity. but when i bought the house, i needed a 90% loan.

is it possible or recommended after i make repairs, to refinance the loan if i plan on keeping it, since ill have 30% equity, and just refinance to get money back, or lower my payments? soneone said i could do that, instead of keeping the 90% loan. but i still dont see how it would help exactly? i never refinanced before?

Fernando