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Tagged: Improvement

Bad Credit Home Improvement Loans – Home Improvement Personal Loan Options

Finance

Bad Credit Home Improvement Loans – Home Improvement Personal Loan Options

Bad Credit Home Improvement Loans – Home Improvement Personal Loan Options Home improvement projects are expensive, and most homeowners choose to finance the project. Having a high credit rating makes obtaining a home improvement loan easy. While bad credit will not enable a homeowner from securing financing, the chances of getting a good rate are low. Here are a few options available to help homeowners get approved for a bad credit home improvement loan. Secured Home Improvement Loan If your credit rating is low, lenders will not approve a loan application for an unsecured loan. Hence, homeowners must resort to...

Home Improvement Loans Do Not Always Require Equity In The Property

Finance

Home Improvement Loans Do Not Always Require Equity In The Property

Home Improvement Loans Do Not Always Require Equity In The Property As the name suggests, home improvement loans exist to enable borrowers to make improvements to their properties, with the aim of increasing the value of that home. Such improvements can include adding an extra room, remodeling the kitchen or bathroom, replacing the roof, building a garage, installing a pool, or completely decorating and re-carpeting the whole house. To be eligible for a home improvement loan, the borrower must own their own home or be making regular mortgage payments on their property. These are secured loans, based on the current...