Many Options Available to Finance a Remodel, Says Boise Home Renovation Expert

Boise, Idaho  Homeowners wishing to fund a custom room remodel may have many more options at their fingertips than they realize, and they may be more affordable according to local contractor, and Renaissance Remodeling owner, Chad Vincent.

When the time comes to update the home, many owners think immediately about their cash on hand and how it may not be enough to fund their project. But there are ways to remodel your home to improve function and stay up-to-date with current trends without breaking thebank, says Vincent. Using home equity as loan collateral is one of the most common ways to fund new cabinetry in the kitchen or a custom-designed bathroom.

Most people are familiar with home equity loans, which allow you to borrow against the value of your home and make monthly payments with interest. However, there are a couple of other ways to use equity including HELOCs, or home equity lines of credit, and refinancing with cash out.

When remodeling, HELOCs are beneficial as they are similar to a credit card and allow greater flexibility. You only have to spend what you need without withdrawing the full amount of the credit line. Refinancing your home to include the full value of the home allows you the ability to cash out the equity and pay for your renovations up front. With interest rates currently low, it is much more affordable than it was in the past to borrow money.

Many contractors offer their own attractive financing options for customers that may not have other options or that include special pricing if you finance through them. Using multiple credit cards with little or no interest is also a viable option for those with good credit.

Regardless of the financing option you choose, you should invest the same amount of time looking for a reputable home renovation expert certified in home design to complete your project, notes Vincent.

For more information on a custom kitchen or bathroom remodel in Boise, call 208-384-0591or visit www.RemodelBoise.com

Company :-Renaissance Remodeling

User :- Chad Vincent

Email :-chad@remodelboise.com

Phone :-208-384-0591

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Url :- http://www.remodelboise.com