Home renovations can be rather pricy, depending on what you’re looking to do. Luckily, USALLIANCE has financing options for every price range. Here are 4 ways you can finance your home renovation with USALLIANCE.
- Home Equity Line of Credit. A Home Equity Line of Credit (HELOC) is an open credit line that is secured by your home’s value. HELOCs offer flexible terms and lower upfront costs than most other loans.
- Home Equity Loan. A Home Equity Loan (HEL) allows you to borrow a fixed amount of cash, which you receive in one lump sum. However, upfront fees can be high.
- Credit cards. Credit cards can work for minor touch-ups, but funding bigger projects this way can leave you with steep interest payments and end up costing much more than planned.
- Personal loans. Personal loans are short-term loans that sometimes have high interest rates and upfront fees.
When you’re ready to take on a home renovation project, give us a call. Our lending team is available to discuss your options and help you choose what’s right for you!