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!
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