Zillow Advice: Mortgage Types - I am trying to find best mortgage for my situation.... http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ Zillow Advice | Zillow Real Estate If you are veteran or current ... http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ If you are veteran or current military you can cash out the home to 95%. Wed, 08 Jun 2011 07:45:00 GMT http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ 2011-06-08T07:45:00Z That would be fine. I had ... http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ <p>That would be fine. I had an appraiser who is willing to appraise the house at 200,000 because he knows the value will be there and house appraises at 180000 now but that is what the price was on here.... Taking the 80% out of that to not get a PMI would be 160,000 which would be wonderful and can pay off everything as we will have other funds available. I was just worried about how the paper trail would look and tax purposes. Do appraisels just go for mortgage or does that get sent for property taxes as well. The twp just appraised all homes last year....</p> Wed, 08 Jun 2011 03:37:00 GMT http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ 2011-06-08T03:37:00Z Getting rid of both mortgages ... http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ Getting rid of both mortgages and finding another 90k to do the renovation is going to be next to impossible with one mortgage.&nbsp; The easiest thing to do would be to concentrate on the house that is worth $142,500.&nbsp; You could do a cash out refinance to 85% of the value provided that credit and income check out.&nbsp; That would give you about $121,000.&nbsp; Hopefully that can pay off the mortgage on the home and leave you with the necessary funds to do the renovation. Wed, 08 Jun 2011 01:06:00 GMT http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ 2011-06-08T01:06:00Z We will own both homes but ... http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ We will own both homes but I will be moving into their home and allowing my sister to live in mine. I would like to not have two mortgages, maybe just a second equity mortgage if need be. The value of the same style home on our same street more then doubled when the same contractor did their second story addition. Wed, 08 Jun 2011 00:50:00 GMT http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ 2011-06-08T00:50:00Z A few more details would ... http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ A few more details would be helpful.<br/><br/>Do you and your parents wish to continue to own two homes, or are you proposing combining households? Wed, 08 Jun 2011 00:44:00 GMT http://www.zillow.com/advice-thread/I-am-trying-to-find-best-mortgage-for-my-situation/402250/ 2011-06-08T00:44:00Z