An ideal scenario is to get cash to fund your project while reducing your total interest rate or payment. In many instances, this can be accomplished. The most popular renovation or repair solution, usually at the lowest rates, perfect for those who have built up equity in their home.
Your home’s equity can be one of the most powerful tools you have. A home equity loan can get you funds for your renovation or repairs and may offer lower rates than an unsecured loan. A fantastic solution for those with equity in their home who don’t want a new mortgage.