Home Improvement

Home Equity Loan with Life Estate on the Deed?

My parents recently signed the deed of their house over to me with a Life Estate clause added to it so that they will still have a place to live. The intentions were for me to get a home equity loan in order to make some much needed renovations to the house, including a handicapped suite for the both of them to make them more comfortable. However, everyone with whom I have spoken has told me that with the life estate clause on the deed, it is impossible for me to secure a home equity or other type of loan, even if my parents cosign since they are the beneficiaries of the life estate. What options do I have so that I can get a loan for the renovations?

You post your profile on this webiste and then lenders come to you. I recommend trying

http://www.creditloansonline.com

Wells Fargo 203K Renovation Loan

Be Your Own House Contractor: Save 25% without Lifting a Hammer $7.38 This book should be required reading for anyone who is thinking about building or renovating a house. The savings involved can make the difference between just dreaming about that dream house and actually building it. The primary message behind Be Your Own House Contractor is “You can do it!” According to construction expert and author Carl Heldmann, anyone can oversee the building of a house…

Annie Sloan’s Painted Kitchen: Paint Effect Transformations for Walls, Cupboards, and Furniture $19.49 Traditionally the center of the home, the kitchen is key to successful living. Decorator Annie Sloan, one of the world’s leading experts on color and interior painting, has produced a range of stunning professional schemes to give the most popular room of the home an entirely new look with a minimum of effort and little expense. Using her unique expertise, she shows how to decorate every kitchen a…

The Owner-Builder Book: How You Can Save More than $100,000 in the Construction of Your Custom Home, Third Edition $5.00 The best available guide to saving money on a home construction project, The Owner-Builder Book shows you how to contract your new home, remodel, or addition at phenomenal savings. Contains a step-by-step description of the process, including how to find and hire good subcontractors, how to get a construction loan, and how to estimate costs and choose features for your project. Includes 85 plannin…