Home Improvement

 

 If you’re planning to do major renovations and improvements to your home, you may want to consider a traditional home improvement loan. Doing improvements  could potentially add value to your home. You may borrower up to 90% of your home value, including 50% of your bid for improvements done outside i.e. pool, fence, landscaping, and 75% of your bid for improvements done under the roof i.e.  room addition, kitchen remodel, bathroom remodel etc..  Some of the benefits of a home improvement loan are:

• No prepayment penalty
• Interest could be tax deductible - Ask your Tax Professional about tax deductions
• Fixed rate
• Can potentially finance the total cost of the project if all liens does not exceed 90% of the value of your home
• Payments can deducted from a Smart Financial checking account