Erik Pearson, Berkshire Hathaway HomeServices Town And Country Real EstatePhone: (617) 910-8969
Email: [email protected]
Email: [email protected]
Home repair loans provide financing for home improvement projects. These projects can become expensive, and sometimes financial help is needed. Here are some basic reasons to get a home improvement loan for your project:
An unsecured personal loan is great for small to mid-sized undertakings. For example, you may want to add new flooring and countertops in your kitchen, or upgrade your bathroom.
This type of loan is typically easier to obtain than home equity loans, but your credit score and income information are still big factors. These influence your monthly payments, loan amount and interest rate.
A common reason for home improvement loans is to increase the value of a property. This loan allows you to complete projects that may make your home more appealing on the market. You might also need a home improvement loan to make your space more comfortable.
Forgo putting your home at risk
Unlike a home equity loan, home improvement loans are safer. You don’t have to offer collateral to get this type of loan. Unsecured personal loans are primarily obtained through personal information. This includes your credit score and income.
Quick financing
Home improvement loans are fairly quick to receive. You can be given a lump sum amount for the whole loan. In some cases, you can receive this funding within a day.
Increase the value of your home
Home improvement projects can boost the value of your home. Valuable additions like finishing a basement or building a deck can produce major returns on your investment.
When it’s time to start home improvement projects, proper financing is a must. You may require a personal loan, or your project may be larger and require a secured loan. Speak with a local lender to find out which loan options are best for you.
Erik Pearson is a Realtor ® with Berkshire Hathaway HomeServices Town And Country Real Estate and is based out of the Wellesley office. He’s been in the real estate industry for over ten years both in the city and in the local area. He grew up in Lexington, Ma and currently lives in Wellesley with his wife and two daughters, who are in the Wellesley Public School System. This gives Erik a great deal of knowledge about the schools in Wellesley and the surrounding area, allowing him to see the value of the education they provide. His dedication to education is shown by the fact that he graduated from Northeastern and currently sits on the Board of Directors for a Boston-based non-profit that gets inner city kids involved in learning and their communities.
