Ways to Finance Home Renovations

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Introduction

• Every homeowner likes to enhance their home and
  the home decor as home is the place where we want
  to feel relaxed. You might think of an additional
  room, a color change or few changes in decor. All
  these are possible if you have the finance
  available with you for the home improvements.

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Five options for financing your home improvements

• 1) Use Cash
• Use a portion of your savings for home
  renovation.
• This way you can avoid paying the interest.
• Plan and save money every week required for the
  home improvements.
• 2) Refinance Your Mortgage
• Refinance your current mortgage if your home
  needs a large improvement.
• You can refinance at a lower rate.

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• 3) Apply for a Personal Loan
• Obtain a secured loan for the home improvements.
• Make sure you have a good credit score to get the
  secured personal loan.
• 4) Zero Interest Home Remodeling Loan
• Apply for the loans programs like 203k rehab loan
  and USDA loan by local country government.
• Your income and value of the home must meet the
  guidelines of the program.
• You can save a lot of money with this loan.

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• 5) Home Equity Loans
• For large home improvement projects Home Equity
  Loans (HEL) and Home Equity Lines Of Credit
  (HELOC) are helpful.
• You will get the amount based on the equity you
  currently hold in your home.

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• You should look at different interest rates on
  the various loans to secure the financing you
  need to start working on your project.
• For more details on how to finance visit
  https//www.drewmortgage.com/finance-home-renovati
  on/

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DREW MORTGAGE BRANCH OFFICES
Drew Mortgage Associates 196 Boston Turnpike
Road Shrewsbury, MA 01545 Phone
508-753-1656 Website https//www.drewmortgage.com
/
Peabody Mortgage Lenders 1 Mt Pleasant
Drive Peabody, MA 01960 Phone [phone]
Boston Mortgage Lenders 232 Commercial St Boston,
MA 02109 Phone [phone]
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