Mortgages and loans to pay for home renovations
Key takeaways
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There are multiple loan options for people who want to borrow money to improve or renovate their home.
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Loans that use your home as collateral, including home equity loans and HELOCs, can have tax advantages.
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Loans that don’t rely on home equity are also an option, but typically have higher interest rates.
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Some loans even allow you to finance a home purchase and renovation simultaneously.
Whether you’re looking to renovate your kitchen, install a home office or finish your basement, any major home improvement is going to require some major money.
You don’t have to wait until you