home improvement loan
House upgrade credit
A home improvement loan is money borrowed specifically to fund repairs, renovations, or upgrades to a residential property.
Unlike a mortgage used to purchase a home, these loans finance work on a home already owned: We took out a home improvement loan to redo the kitchen.
The loan may be secured against the property or unsecured, with terms and rates varying accordingly.
- renovationRestoring to good condition
- home equityOwnership portion of residence
- mortgageSecured home loan
- equityImpartial treatment or ownership value
- refinanceObtain new loan terms
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Borrowed money for trips
reverse mortgage · auto loan · personal loan · student loan · debt consolidation loan
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Loan drawing on home value
liquidation · asset stripping · disinvestment · property sale
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Postponed upkeep work
demolition · neglect · disinvestment · disrepair · urban decay
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