Thinking of renovating your home?
Your home loan needs a foreman too. Let us construct the ideal loan that helps you achieve your renovation dreams today.
Financing a home renovation can vary depending on the size and complexity of the job, which can range from a new swimming pool or a kitchen upgrade to building a major extension to the home.
If you need extra finance for your home improvement budget, the specialists at Finsure Loans can take you through a variety of strategies to secure the finance required for the job.
These strategies can include refinancing your existing home loan using the equity built up in your property, which for some mortgage holders could be a substantial amount to pay for a big job. For smaller renovations such as a bathroom upgrade, you could apply for a personal loan, although this will usually have a higher interest rate than your home loan with a much shorter repayment term.
Depending on your loan arrangements, you may be able to borrow extra funds on your existing home loan without having to take out a new loan.
If it is a major renovation, then a construction loan may be what you require. This is similar to a standard home loan, except the funds are released by the lender in stages as construction progresses to ensure you’re only paying for work that’s been completed.
Finsure Loans can help with any strategy you favour to pursue your home renovation dreams. Get in touch with us today!