A remodeling project may involve lots of choices, but you have only five basic ways to pay for it:
Many loan options fall into the last category of cash out refinancing, but most require the value of your home to far exceed the amount of the loan.
The streamline version of the “K” is one of the industry’s best kept secrets. Its big advantage is that it allows you to finance the cost of improvements based on your home’s projected value upon completion. Most other loans require you either to show you already have the equity or to finish the projects first.
Whether you’re ready to go or still just dreaming about what might be done, give us a call, and we’ll be happy to help.