[questions]

Hello: I am looking into either purchasing a new home or adding additional square footage to my current home. The market in Arizona booming and home sales are sky rocketing which has increased home sell prices. My questions is what type of loan should I apply for if I choose to add on to my home? For instance, my current lender is Chase who sends me info advising of my pre-approved status with no appraisal fees, no credit pulled, and absolutely zero out of pocket costs. Could this be true? Also, would I be better off just selling my home and purchase a new home?

Any assistance you could provide would be greatly appreciated.