Homeowners can upgrade their home with a remodel or by installing energy efficient appliances that can be financed with a tax deductible home improvement loan. Many consumers prefer a credit line because it enables borrowers to access money when they need it, rather than all at once with a fixed home improvement mortgage. Having the ability to only pay interest when using the credit line makes a lot of sense financially for people financing home improvements.
Option 1: Refinance your existing mortgage and get cash out to finance the home improvement projects.
- Fixed Rate 30 or 40 Year Mortgage
- Home Rehabilitation to 115% with FHA
- Mortgage Refinancing for Cash Back
- Option ARM Mortgage
Option 2: Take out a 2nd mortgage or home equity loan to get the money you need to pay for the home improvement projects.
- Home Equity Line of Credit
- Fixed Rate Second Mortgage
Apply Now for a Home Improvement Loan