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Forum
-> Household Management
-> Finances
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amother
DarkCyan
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 Tue, Nov 07 2023, 7:35 pm
| amother Aquamarine wrote: | | I don't have what to add here but I'm wowed that your extension will cost you 500k. we are looking into a pretty large extension and not being so cheap will officially cost generously 350k |
Wow! Where do you live? I have an extension I’d like to do in Jackson, and it’s not even that large, but it’s 3 stories, kitchen included and will cost me way over 500k (hence we’re not doing it now!)
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amother
Broom
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Tue, Nov 07 2023, 7:37 pm
| amother OP wrote: | Yes, my home is worth 800k and I owe 450. I am dreaming of not refinancing because I don’t want to lose my current 3.25 interest rate.
Does fm home loans deal with construction loans and home equity loans at all or just financing and refinancing? |
They do everything. Worth calling them. We were very happy bH
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anon23
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Tue, Nov 07 2023, 9:11 pm
We were told by our rav that this isn't ok.
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amother
Calendula
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Tue, Nov 07 2023, 9:53 pm
| anon23 wrote: | | We were told by our rav that this isn't ok. |
Did he say why?
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amother
Pansy
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Tue, Nov 07 2023, 10:02 pm
| amother DarkCyan wrote: | | Wow! Where do you live? I have an extension I’d like to do in Jackson, and it’s not even that large, but it’s 3 stories, kitchen included and will cost me way over 500k (hence we’re not doing it now!) |
Are u extending a bilevel? trying to figure out how to extend a bilevel. Do u think construction will go down that ur pushing it off?
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anon23
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Wed, Nov 08 2023, 6:47 am
It's a credit union and some members that participate here are Jewish, so they're collecting interest. This is if I'm remembering correctly when we looked into it for our addition.
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amother
Valerian
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Wed, Nov 08 2023, 9:23 am
| amother Pansy wrote: | | Are u extending a bilevel? trying to figure out how to extend a bilevel. Do u think construction will go down that ur pushing it off? |
Call a space planner or architect.
Maybe it will go down a little bit but I doubt it because nothing to do with the economy, I remember 15 years ago, they were selling single family houses in Chestnut for less than five and now you can't even build for that little on your own.
I would assume the real reason people are waiting is because now it's really expensive to take out a loan.
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