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If you’re thinking of making a home improvement, you probably already know that even small alterations can eat up large sums of cash. One way to make your project more affordable is to take out a home improvement loan, which is simply a personal loan that’s specifically tailored to help cover renovation costs.
A personal loan for home improvement might be a good choice depending on your needs and the interest rate you’re able to secure. But other financing options might be more affordable in the end. Take a look below to see how a home improvement loan works, and whether it’s the right choice for you.
- What is a home improvement loan?
- Is using a personal loan to pay for home improvements a good idea?
- Pros and cons of home improvement loans
- How to choose a home improvement loan lender
- Alternative ways to pay for home improvements
What is a home improvement loan?
A home improvement loan is a personal loan that’s used to finance home renovations and repairs. You may be able to use it for a large project like a kitchen or bathroom remodel, refinishing a basement, building a garage or installing a swimming pool. (más…)