Table of Contents
The Basics of Home Improvement Loans
Home Improvement Magazines
The Danger of Home Improvement Shows
One Person’s Favorite Home Improvement Software
Beware of Home Improvement
Got Home Remodeling Ideas?
Remodeling a Fireplace Can Be Fun
Choosing Remodeling Contractors
Think Before Remodeling Old Homes
The Basics of Remodeling on a Budget
The Benefits of Remodeling Porches
Basics of Remodeling Your Laundry Room
Basic Basement Remodeling
Who’s Doing Do It Yourself Home Improvements?
Enjoy the Savings of Energy Efficient Home Improvements
Ten Tips to Conserve Energy in Your Home
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All About Home Improvement
The Basics of Home Improvement Loans
Home improvement loans are designed to help borrowers make improvements on their homes. It can be used for such things as adding a new room, remodeling a kitchen, building a pool, or re-carpeting the entire house. As a secured loan, collateral is required – current equity in the home. To qualify for possible tax deductions, the improvements must be on the borrower’s primary residence, not rental property, second home, or vacation home.
The interest rate on the home improvement loan is typically lower than other secured loans because it is less risky, plus it tends to enhance the borrower’s home. Borrower’s must own their home or be making payments on their home to be eligible for a home improvement loan.
Home Improvement Loans
Home improvement loans are designed to help borrowers remodel or add additional features to their homes. Kitchen and bath remodeling is the most popular home improvement, but other purposes such as installing a new roof, building a garage, or adding a swimming pool are other common improvements. There are two types of home improvement loans available to most borrowers; Traditional Home Improvement Loans and FHA Title I Home Improvement Loans.
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