are home renovation loans?
the advent of COVID-19 has increasingly pushed people to work from
home, more and more folks are motivated to improve the aesthetic or
other aspects of their home now that they are spending most of their
time in it. But home renovations don’t just have to be about making
cosmetic updates, they can be strategic too. Some people might look
to add a section to their home (with requisite permits of course) -
this section can increase the square footage of the home and/or be
used to rent to a tenant, and unlock a new income stream. Other
people might pursue strategic repairs. The bottom line is that
several factors can drive people to pursue home renovations. However,
home renovations can often be expensive. This is where the concept of
the home renovation loan comes in.
renovation loans come in a variety of structures. In this article, we
will explore the most common types of loans, and discuss the
advantages and factors to consider for each one. Read More