July 23, 2006

Refinance & Renovation

Over the weekend, I attended the Portland Development Commission (PDC) Refinance and Renovation Loan Program workshop. I will have been in my house for three years in September and that loan becomes variable, so now is the time to refinance into a fixed rate, as well as do some remodeling. This PDC loan program offers homeowners at all income levels funds to refinance and renovate. Financing is based on the "after-improved" value of the structure and includes the cost of improvements in the loan amount. I want to update the kitchen and bathroom and then redo the basement since we spend a lot of time down there.

Posted by actionhero at July 23, 2006 11:54 AM