Tag Archives: home improvement

I Live in an Unfinished Home and Chased by Creditors. – Paul

“Dear Steve, 3 yrs. ago, I bought the house that I had rented for 14 yrs. It was a real fixer-uper. I borrowed aprox. 20k extra with my original motgage and also ran up another 10k on credit cards to remodel the inlaw aprt. downstairs. I then refinanced, paid off the credit cards, and took [...]

Should We Put More Debt on Credit Cards to Finish the Basement? – Corrie

“Dear Steve, We just bought a house six months ago and own $229,000 on it. We owe almost $35,000 in credit card bills and recently my full time job went to part time, so I am earning less than half of what I did a couple of months ago. Since we just bought our house [...]

Should We Payoff the House, Make Improvements, or Neither? – Nare

“Dear Steve, My wife and I would like to make about $60 K worth of improvements to our house. The problem is, the house right now (with improvements over time that we’ve made) is already worth $11 K less than the maximum selling price it would fetch on the current market. We don’t necessarily improve [...]