Way to finance home improvements depends on factors such as your home equity, how much money you need to borrow and your credit score. Compare home improvement loans with home equity loans, home equity lines of credit, cash-out refinancing and federal programs. Apply in person at smaller banks and credit unions, but larger ones and online lenders usually offer online applications.
Home equity loans work similarly to personal loans, but they often have lower rates and longer repayment terms. LightStream offers no fees, low rates and terms up to 12 years on home improvement loans. Borrowers can apply for a …
