A home renovation loan is a type of loan specifically designed to help homeowners finance their home improvement projects. It allows borrowers to borrow money based on the value of their home after the renovations have been completed. This type of loan can be used for various renovation purposes, such as kitchen remodeling, bathroom upgrades, or adding new rooms to the house. Home renovation loans typically have lower interest rates compared to personal loans or credit cards, making them a cost-effective way to fund home improvement projects.
We can do them for both purchases and existing home refinances!
NMLS#70160