Funding a large kitchen project is a big commitment
A kitchen remodel is one of the most expensive home renovation projects. Financing a major home renovation can be difficult, regardless of the economic situation or interest rates.
A recent development to help homeowners pay for major renovations is online banking institutions that offer near-instant loans at competitive interest rates.
One option to maximize your borrowing power is through a locally-based company called RenoFi.
RenoFi created the first home equity loan built specifically for renovations. Unlike standard home equity loans, RenoFi loans use the expected value of the home after renovation. This allows homeowners to borrow the maximum amount of money at the highest possible interest rate. A RenoFi loan eliminates the need to refinance your first mortgage, allowing significant savings if you’re locking in your existing low mortgage rate. RenoFi partners with local and established credit unions to offer common 5, 10, 15 and 20 year loan terms. . You can apply for a RenoFi loan here.
A very easy way to apply for a loan online is through the SuperMoney portal. link here Located at the bottom of every page on the Main Line Kitchen Design website.
SuperMoney helps people get loan bids from financial institutions. Rather than lending money directly to you, SuperMoney will send your loan information to qualified and responsible financial institutions and provide loan offers for you to consider, much like KAYAK does for hotels. just create a list of SuperMoney’s website provides additional financial information that you may find useful. SuperMoney has very good reviews on consumer websites and the Better Business Bureau.
Another financing route is Lightstream.
We met LightStream representatives at the National Kitchen and Bath Industry Show KBIS in Las Vegas in January 2016.Below is a video about light stream From KBIS 2016. light stream It has received good reviews from consumers who are eligible for loans.
Homeowners should beware of predatory lenders who offer free loans for 12 to 18 months and then retroactively charge more than 20% interest on the outstanding balance.
Many kitchen companies and home improvement stores advertise the deal to their customers through financiers like General Electric. There are better alternatives for this type of loan and Main Line Kitchen Design will never participate in this type of financing arrangement. Selling cabinets can also be problematic. Please read the post at the bottom of the page.
I hope you find reasonable funding for your dream project…and of course…
Bon appetit!
Paul, Julie, Chris, Ed, Lauren, Jeremy, Camilla, Juliet
mainline kitchen design
Why cabinet sales are a bad idea. ⋆ (Mainline Kitchen Design.com)
Why cabinet sales are a bad idea.
