What is a home renovation loan?
In the same way that there are there are a variety of renovation projects to consider, there are a variety of renovation loan options from which you can pick to fund your home improvement projects.
These are the main types of home improvement loans:
- Home equity loan
- Home equity line of credit (HELOC)
- Mortgage refinance
- Personal loans
- Credit cards
Some lenders have products that cater specifically to borrowers planning to make improvements to their homes.
At Budget Rates, we can put you in contact with the right lender, and find the best product with the best terms for you.
