07/12/2022
A HELOC, or Home Equity Line Of Credit, is an increasingly popular way for borrowers to finance any number of expenses, including home improvements.
The differences between HELOCs and renovation loans is that renovation loans can be used on purchases or current homes, and the potential loan amount is based on the future value of the home after the improvements have been completed.
With a renovation loan you have to use it for exactly what its given to you for, renovations.
So are you looking to only renovate or cover a few other expenses? Have questions or need a little guidance, ask me in the comments or send a message!