October 31, 2006

New Ways Of Funding Remodels

New Ways Of Funding Remodels

For many homeowners hoping to remodel their kitchens or add square footage, borrowing against their home equity is a logical way to finance such a project.

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That, or winning the lottery.

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But for some homeowners, a construction loan is another option.

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In decades past, construction loans were generally for homeowners who were building new homes on land they already owned outright. The loan covered only the construction process, and the homeowner typically had to seek out a long-term mortgage once construction was finished.

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Find out more about the new ways of funding remodels…

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