| Financing |
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| Sometimes the necessary funds are just not available in the budget for major exterior home improvements. Depending on the type repairs needed (leaky roofs and siding) the home could significantly depreciate and reduce your equity (value of your home). |
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| Both unsecured and secured loans are available for major home improvements. Your credit rating will affect the interest rate that you’ll be able to borrow money at and if the loan is secured there may be some tax benefits. |
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| Debt Consolidation |
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| Many people roll high interest credit card debt and installment loans into cash out refinance mortgages. By consolidating credit cards, installment loans and your new home improvement loan into your home mortgage you may be able to make your money go further. Monthly savings from high interest debt or paid off loans can help offset your payment for the home repairs. In some instances we have seen people consolidate debt and loans and actually have the home improvement pay for itself. |
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| Carefully examine your needs for repairs and how you can benefit from financing as a tool. |
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