Home repair: A guide to the value of home improvement loans
Home repair loans provide financing for home improvement projects. These projects can become expensive, and sometimes financial help is needed. Here are some basic reasons to get a home improvement loan for your project:
Should you get a home repair loan?
An unsecured personal loan is great for small to mid-sized undertakings. For example, you may want to add new flooring and countertops in your kitchen, or upgrade your bathroom.
This type of loan is typically easier to obtain than home equity loans, but your credit score and income information are still big factors. These influence your monthly payments, loan amount and interest rate.
Common reasons to get a home improvement loan
A common reason for home improvement loans is to increase the value of a property. This loan allows you to complete projects that may make your home more appealing on the market. You might also need a home improvement loan to make your space more comfortable.
Forgo putting your home at risk
Unlike a home equity loan, home improvement loans are safer. You don’t have to offer collateral to get this type of loan. Unsecured personal loans are primarily obtained through personal information. This includes your credit score and income.
Quick financing
Home improvement loans are fairly quick to receive. You can be given a lump sum amount for the whole loan. In some cases, you can receive this funding within a day.
Increase the value of your home
Home improvement projects can boost the value of your home. Valuable additions like finishing a basement or building a deck can produce major returns on your investment.
When it’s time to start home improvement projects, proper financing is a must. You may require a personal loan, or your project may be larger and require a secured loan. Speak with a local lender to find out which loan options are best for you.
About the Author
Tina Broyles, DRE 01009212 & NMLS 91630
Headline: Tina Broyles: Your Expert Real Estate Agent for Fremont, San Jose, and the Bay Area | eXp Realty
Bio:
As a dedicated real estate professional and a long-time resident of the California Bay Area, I have been proudly serving the real estate community since 1987. My mission is to provide my clients with unparalleled professionalism, in-depth market knowledge, and a caring approach that has resulted in a business built almost entirely on referrals.
Your Trusted Real Estate Advisor in the Bay Area
I specialize in the vibrant and diverse real estate markets of Fremont, Campbell, San Jose, Saratoga, Cupertino, Sunnyvale, Morgan Hill, Santa Clara, Mountain View, and Milpitas, CA. With over three decades of experience, I have a deep understanding of these communities and can provide you with the insights you need to make informed decisions.
One of the most consistent compliments I receive from clients is about my responsiveness to their needs. Your goals are my top priority, and I am committed to being there for you every step of the way. I am honored to have been voted "Best of Milpitas" every year from 2000 to 2020, a testament to my dedication to my clients and my community.
About My Business: eXp Realty
As part of the innovative eXp Realty team, I bring a diverse set of skills and a commitment to excellence to every transaction. We leverage cutting-edge technology that is "beyond expectation" to provide you with a seamless and efficient real estate experience. My team and I offer the perfect balance of experience and professionalism to help you achieve your real estate dreams in the Bay Area.
Community Involvement
I believe in giving back to the community that has given me so much. I am a happily married mother of two and a proud grandmother to two beautiful granddaughters, Audrina and Chesney. In my free time, I enjoy golfing, exercising, and my weekly Bible study. I am also passionate about serving the homeless community in Milpitas and supporting our local businesses.
I would be honored to get to know you and your family and put my extensive real estate experience to work for you.
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