Best type of loan

What’s the best type of loan for a renovation? Construction loan, home equity, personal, refinance or another way?

trini73diva

in General Discussion 3 years and 4 months ago

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workisfun | 3 years and 4 months ago

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Check out 203k and 203k streamline. Not sure if these products still exist, but they were helpful to many people in the last 10-15 years.

resident2 | 3 years and 4 months ago

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Too Many factors to consider. Do you currently have a mortgage? Is the building currently livable? Your personal income & other assets. Do you qualify for a Private Banking relationship with your Bank? How much of a renovation are you doing? Gut or just upgrading heavy cosmetics etc?
Talk to a Local Mortgage Banker that specializes in Construction / Renovation Loans.