Great Home Improvement Loan Rates For 2013

We have a beautiful old house that sits on the crest of a shallow slope and has a bubbling stream running behind it. We love it and have raised our children in it, and now it’s time to spruce it up a bit. We need to restore it to its former glory, but to do so, we have to look into home improvement loans. We’ve never had to take out such a loan before, and seeing as I’m the financial wizard (ha!) in the family, I needed to get some information on it, like what the going interest rates are and if they’re adjustable or fixed. I have no fear about being able to handle this search for enlightenment; I have Real-estate-yogi.com by my side, and I know I’ll get what I need there.

What? You don’t know about Real-estate-yogi.com? I thought everyone knew about it!. It has a wealth of property-savvy experts behind it, and they supply intelligent answers to l my questions, including those about home improvement loan options. Let me share some of what I learned from them. One loan that we can apply for is a HELOC, or home equity line of credit. AHELOC works like a huge credit card, so we can access the money as we need it rather than taking all of it at once. Of course, there’s nothing wrong with a home equity loan, either. This loan is based on the equity in our home, and its interest rate is pretty low. The only thing different from a HELOC is that the money must be taken in a lump sum, but that’s no big deal if you’re trying to improve your home.

I also found out that we could try for a personal loan to fix up the house. The thing about those is that you have to have a really good credit score – which we do – to get them. They can have either fixed or adjustable rates, along with terms of 10 to 15 years. AS far as being the best home improvement loans, I’d say probably not, but that’s just my opinion. Did you know that HUD (the Department of Housing and Urban Development) has loan choices to fix up your home? I have to admit that I didn’t until I saw it on Real-estate-yogi.com. They have loans for certain ethnic groups, single mothers and fathers, the elderly, and those living on a fixed (low) income. All you have to do is go to HUD’s website to get all the specifics you need.

www.real-estate-yogi.com is my go-to website whenever I need fiscal direction, and it should be yours, too. It has fonts of information about all things relating to property, and it’s free! Give it a call at 1-800-987-1397 at your convenience. You won’t regret it!

Finding Great Contractors To Make Home Improvements And Repairs

Your house goes through an awful lot each year in its goal of sheltering you and your family. From the extremes of weather, to the unexpected plumbing mishap your house will see it all and live to see another day. You've fixed a broken window pane, and resealed your driveway several times, but the year will come eventually where your house will need some serious tender loving care, and the costs associated may not initially seem to fit within your budget. Before it gets to that point let's look at how to finance home improvements or repairs, and how best to find local contractors in your area who will work within your budget to make your intentions come true.

• Home improvement loans are available through the government as well as lending agencies. The goal is to make improvements on the home that will increase the value of the home.
• Home equity loans are available through your mortgage lender. If you need to make sudden repairs on your home many people take out another loan against their equity in order to fund the costs associated.
• To effectively find a contractor you must seek the one most qualified for the job at hand. There are general building contractors, specialty contractors such as electricians, and engineering contractors who often do excavating.

What kind of contractor are you looking for?

Let's say you need a new roof. Most likely you aren't going to seek an electrician, or someone who installs septic systems. You are going to want to know how to find a roofing contractor. Many people find great contractors through friendly word of mouth and the chances are great that someone in your neighborhood has had roof work done recently and can refer you to someone. You can also look online for contractors. Look for professionals within your zip code who have a local business. Preferably they have been around for years and have a long list of successful projects. All too often people hire someone from out of state who will work for cheap. They install a leaky roof and disappear into the next state with your money while you are stuck looking for another roofing contract. By finding someone local with a good reputation you know they will stand by their service record.

Get several quotes

Have them come over and do a quote. If you can get a quote from two or more local contractors you may be able to negotiate a better deal for yourself. Residential roof repair can be expensive for the average homeowner. Mention their competitors prices and see if they don't drop their asking price down to out bid them.

Get it in writing

Get everything that will be done in writing. This is perhaps the most important thing. All materials and expected time spent on the job should be noted. With building projects you want to be covered in case things don't go as planned. A good contractor will want the same.

To learn more about home improvement plans and repairs and how to fund them visit www.real-estate-yogi.com. You can speak with a professional representative for free any time by calling 1-800-987-1397.