Home improvement loan refinancing

Which is the difference

Whether you need minor home repairs or extensive remodeling, you can pay for the project with a home improvement loan. Home improvement loans are very flexible and come with a variety of options that can be customized to fit your needs. Below, you will find three things that you should know about home improvement loans before securing your financing.

*) Home Improvement Loans are Tax Deductible

A home improvement loan can be a tax deductible way to improve your home and increase the value of your property. In most cases, the monthly interest payments can be deducted on your taxes. If you are considering a home improvement loan, consult a tax professional or ask your lender for more information.

*) Loan Terms are Flexible

Home improvement loan terms can range anywhere from 5 to 30 years. If you are doing major remodeling or extensive home improvements that require a large loan, a long term can make your loan easier to pay off. If you need a home improvement loan for minor repairs only, you can obtain a short term loan and pay it off quickly.

*) Rates are Competitive

While searching for a home improvement loan, make sure that you shop around to find the best deal. The lending industry is a very competitive market and most home improvement loans come with low interest rates. Take time to compare lenders and rates to find the home improvement loan that’s right for you.

*) Finding the Right Home Improvement Loan

Because there are so many different loan options available, home improvement loans can be a wonderful financing opportunity. With a little bit of time and research, you should have no problem finding a home improvement loan that fits your needs.


Age Concern Books Using Your Home as Capital 2002-2003: A Guide to Raising Cash from the Value of Your Home
Book (Age Concern Books)

Banks trick poor into expensive loans

2009-03-08 12:24:35 by Apprsr

Predatory Lending
Banks trick poor into expensive loans
Jeanette Bradley and Peter Skillern
This article is from the January/February 2000 issue of Dollars and Sense: The Magazine of Economic Justice available at
Laid off after 29 years of working for a local telephone company in North Carolina, "Roberta Green" was struggling. Although she had a part-time job driving a school bus, she was not earning enough to pay her bills. When she received a call from a man who said he could help her come up with some cash, it seemed like a godsend


Personal experience in the US here. In times

2011-05-08 10:05:33 by wheresmegrog

Of financial trouble I negotiated down some CC debt in the process of refinancing my home and using equity to pay off the CC debt at about 70% of original balance.
At the start of the process, my scores ranged from 520-570. Really bad. I paid about 2 points higher than the going rate to get a 2 yr fixed to 30 year adjustable rate on the refinance - but that was when Countrywide wanted nothing more than to lend to high risk borrowers.
It was disheartening to see nearly 2 years later, with 24 months of on time payments on every account still open (one CC, low balance student loan and mortgage), my score had only risen to about 600-640


How we got into this financial mess.......

2009-02-05 21:02:33 by Apprsr

Predatory Lending
Banks trick poor into expensive loans
Jeanette Bradley and Peter Skillern
Laid off after 29 years of working for a local telephone company in North Carolina, "Roberta Green" was struggling. Although she had a part-time job driving a school bus, she was not earning enough to pay her bills. When she received a call from a man who said he could help her come up with some cash, it seemed like a godsend. The man said he worked for a home improvement company and that he could find her a loan that would both pay for some remodeling on her house and leave enough cash left over to pay her bills


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Age Concern Books Using Your Home as Capital 2000-2001
Book (Age Concern Books)

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