During and after the collapse of all the rules change and become afraid of bank lending.
The next thing you should do is contact a mortgage bank and help you apply for home refinance.
The interest on this type of loan is very low and the improvement increase the value of your home.

If the market goes up or down, you will continue to pay the same monthly payment.

It would be wise to refinance when the current market rate is lower than the prevailing market rate of 1.5% or more points.

No closing cost refinance is useful for people who do not have enough money in hand, or who intend to purchase the property for a few years. We can calculate the difference in total payment for a loan without cost and a loan with costs.