N.y. Assessor Questions Sandra Lee-cuomo Home Upgrades

Best way to pay for home improvements? – Yahoo Finance

Cuomo has lived there since at least 2009. “It’s his job,” said Tulis, whose four-bedroom, three-bath home with 3,100 square feet on 0.4 acres in New Castle is valued at $815,000. “It’s a very good thing.” Greenstein, a Democrat, was elected in November, in part on the strength of his opposition to a downtown affordable housing complex. New Castle is engaged in a proceeding with the Cuomo administration, imploring the state’s Hudson Valley Regional Board of Review to deny building-code variances for the project. http://www.usatoday.com/story/news/nation/2014/05/15/cuomo-sandra-lee-home-improvement-taxes/9149617/

And note that you’ll be hanging onto the risk that the line’s interest rate could head higher in the future because it’s based on the prime rate. You can manage that risk by aggressively paying down the loan balance. A cash-out refinancing will pay off your existing first mortgage plus release money for your home improvements and repairs. http://finance.yahoo.com/news/best-way-pay-home-improvements-100000520.html

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