Renovate with Equity Loans

March 26th, 2010 24 Comments
Posted by

For those who have fully paid their home loan mortgage, you would think there is not much more to worry about, and you are all set for the future.  However, this is often not the case.  Homes, like people, age, and need a bit of fixing here and there from time to time.  The problem is we often do not save for these regular or major repairs that should be expected as the property is used on a daily basis.  What happens is we end up with a house that is indeed fully paid, but is badly in need of repairs and restoration.

Thankfully, the common scenario is that as homes age, the property value goes up.  Just like good wine, properties that are situated in good neighborhoods and good areas value tend to go up.  Now when the property value goes up then you should be qualified for an equity loan.  The property to be used as equity will be your current home, and the basis will be your homes current value.  Hence, with an equity loan you can make the renovations and repairs needed to keep your home feeling fresh and new.

Remember that an equity loan can likewise be used in other ways.  With the money that you get from an equity loan you can purchase another property, and this could be for investment purposes.  Hence, in addition to making possible renovations easier on the pocket, equity loans can open the door to savvy businessmen who can earn more income through the use of an equity loan.

The problem is not many banks and lenders are willing to grant an equity loan.  There are some out there who are willing to take the risk just to give you a chance to fix up your house.  For more information on how to get an equity loan, its advantages and disadvantages, it would be best to consult the experts on loans.  With their help, it will be much easier to decide whether or not an equity loan is right for you, and whether or not the timing of the sale is good or not.

24 Comments

  1. Dvnukx says:

    piriton allergy tablets canada allergy med comparison chart alternatives to allergy pills

  2. Rpdxgg says:

    best off counter seasonal allergy allergy pills without antihistamine piriton allergy tablets canada

  3. Easqhw says:

    heartburn treatment over the counter glimepiride 4mg pill

  4. Ptjvnv says:

    absorica online buy generic accutane 40mg isotretinoin drug

  5. Reynbl says:

    buy generic isotretinoin 10mg purchase isotretinoin without prescription buy accutane 10mg pill

  6. Pefoql says:

    furosemide buy online buy lasix cheap

  7. Msguuo says:

    order generic furosemide furosemide for sale

  8. Gefyfp says:

    prednisolone pills buy omnacortil generic prednisolone online buy

  9. Troajn says:

    order semaglutide 14 mg generic generic semaglutide 14 mg order semaglutide without prescription

  10. Rjvsbw says:

    isotretinoin over the counter accutane drug purchase absorica generic

  11. Usuuhc says:

    buy isotretinoin 10mg pills how to buy accutane isotretinoin 20mg pill

  12. Mbtbrw says:

    buy semaglutide without prescription rybelsus 14mg without prescription rybelsus 14 mg cost

  13. Bwwgez says:

    buy semaglutide 14mg generic buy cheap semaglutide semaglutide oral

  14. Tzfivz says:

    generic albuterol albuterol us albuterol tablet

  15. Nfqktt says:

    oral ventolin 4mg order albuterol generic order albuterol generic

  16. Veljrn says:

    prednisolone 5mg ca prednisolone over the counter omnacortil 20mg pill

  17. Fwvggj says:

    buy prednisolone 40mg pills buy prednisolone 20mg online omnacortil 10mg cost

  18. Jkqdrl says:

    order clomiphene 50mg online cheap cheap clomiphene 50mg clomid 50mg canada

  19. Qbqfbs says:

    order lasix sale lasix online order buy furosemide generic

  20. Yyymjz says:

    furosemide pills order furosemide 100mg pill buy lasix 100mg generic

  21. Rgwljn says:

    buy semaglutide 14mg generic semaglutide price order rybelsus pills

  22. Vkeqrb says:

    semaglutide 14mg pills purchase semaglutide generic purchase semaglutide generic

Leave a Reply