Owned house 15 years i want to add a garage and do improvements can i refinance for more than value? how?

Ilda
I got a fairly nice house for my credit score in May 2006. It is one of those ones that is good for now, but isn't where I want to be in 10 years when I am finished with the army. I am at my current location for at least 3 more years. I'd like to protect my vehicles in a 2 car garage with shop and do a few thousand dollars in repairs/upgrades to the house. At the time I got the house my credit was Fair at best. Since I have been deployed to Iraq and I've paid off all but one account that stands at $10, 800. I have no late payments in the last two years. I'd like to refinance, if possible, to include the 1st mortgage, the home improvements, and the car loan so everything is in one bill hopefully at a cheaper rate. The only problem is the total loan would be worth more than the house until the home improvements are made. Is there a way? It is of importance to e because my car has been broken in twice while deployed and the sewer backs up in the winter time...I'd like to fix that

Hae
i would do it in baby steps == i would try for a construction loan to build the garage and once completed than go for a complete refinance == bear in mind if you throw in the car loan you will be paying part of the car off over the next 20 or so years!!!

Arnetta
Generally you will not be able to refinance for greater then the value of the home regardless of your credit score. However, a garage will add value to the home, so refinancing to do the addition and then obtaining a line of credit on the new found equity to pay off the car loan may be a better approach.

Antwan
I'm not aware of any reason, why not. But you can't do anything like that, unless you have good credit and you're able to get a permit from the city.