Home Improvement
Home Improvement Loan Basics
Most people think about home improvement as all the little things you can fix or do around your house to make it more livable. But home improvement projects don’t have to be limited to small budgets or simply involve a few minutes of work on the weekend.
Many home improvement projects require some sort of financial loan because they are large scale projects that require payment on materials or labor all at once in order to get the project started. These larger home improvement projects require some sort of bank or lender issued home improvement money.
Larger home improvement projects that require financing could including adding an addition to your home, remodeling your home to add more space, upgrading the appointments in a kitchen or bathroom, installing a new furnace or cooling system, replacing a roof or installing siding or simply putting in a new swimming pool.
There are two general types of home improvement loans. There are unsecured home improvement loans and a secured home improvement loans. Within those two types there are many different loan vehicles and products which can give you extra money, though each has it’s own good points and potential drawbacks. The differences among the loan vehicles are many, but let’s focus on the two types of home improvement loans that are generally available:
Unsecured home improvement financing: An unsecured loan of any type involves you borrowing money without putting anything up for collateral. That means that if you can’t pay the loan then there is technically nothing the bank can immediately take away from you. Unsecured loans are granted based on many factors, but a steady income and good credit score definitely help. Home improvement credit cards are technically unsecured loans that are meant to be used for home improvement projects. Unsecured loans are meant to be paid back over a short period of time and will almost always have a higher interest rate.
Secured home improvement financing: A secured loan of any type is a loan which involves you offering something to the bank in exchange for the money. If you get a home improvement loan based on the equity in your home, then you are really trading part of the ownership in your house to the lending institution. As you repay the loan you are buying back your house. Secured home improvement loans usually involve larger amounts of money but do have a lower interest rate and offer a longer time to pay it off.
Even if you have bad credit or very little equity in your home you can still sometimes take out a small home improvement loan without much trouble. Borrowing money to improve the home you own is often seen as a much safer option for many banks than borrowing money to purchase a new home entirely.
About the Author
To compare some of your home improvement loan options you may want to use a free home improvement loan calculator to get the best rates and payment schedule for your situation.
Home Improvement: Tool Time Part 1
|
|
WAYNE Submersible Well Pump 1 HP Franklin T100S10-2 $394.99 |
|
|
WAYNE Submersible Well Pump 1/2 HP Franklin T50S10-2 $303.99 |
|
|
Speeflo Paint Sprayer Hydraulic Fluid 430-362 $6.99 |
|
|
WAYNE Submersible Well Pump 1/2 HP Franklin T50S10-4 $325.99 |
|
|
WAYNE Submersible Well Pump 1/2 HP Franklin T51S10-4 $326.99 |
|
|
Andersen Patio Door Auxillary Security Lock NEW! $0.99 |
|
|
Copper Tone Metal Knob Pull Handle for Cabinets Drawer $5.46 |
|
|
WAYNE Submersible Well Pump 3/4 HP Franklin T75S10-2 $332.99 |
|
|
CC-180A (Propane) – Navien Instant Water Heater w/ Recirculation Pump. $950.00 |
|
|
WAYNE Submersible Well Pump 3/4 HP Franklin T75S10-4 $367.99 |
|
|
Schlage Flair Keyed Entry Polished Brass $19.99 |
|
|
OLYMPIC DECK, FENCE, SIDING STAIN WOOD PROTECTOR-NEW-4.76 GALLONS-#79301 $75.00 |
|
|
“Natural Woodcraft” Belwith 3 5/8″ Unfinished Wood Cabinet Handle P673-UW $1.55 |
|
|
GREEN AIR HP PURIFIER OZONE GENERATOR ALPINE CLEANER $159.95 |
|
|
CHILI PEPPERS DOUBLE OUTLET COVER $7.25 |
|
|
ONE Mexican Vcap corner Tiles 2x2x2 inch #S006 $3.00 |
|
|
NEW 50a Siemens Gfci Breaker Eiemens Ea. Circuit Breakers – Gfci QF250 $123.60 |
|
|
NEW Edger Stainless Steel6x2 1/2 Ea. Mason Edgers & Groovers CE502S $15.74 |
|
|
Solid Brass Flower Pattern Doorstop – Antique Brass $20.95 |
|
|
Country Bathroom Accessory Set – Oil Rubbed Bronze $64.95 |
|
|
Country Bathroom Accessory Set – Satin Nickel $55.95 |
|
|
Laurel Avenue Tempered Glass Shelf – Polished Nickel $64.95 |
|
|
SOLAR PANEL LOT 85 WATT 12 VOLT – 85W x 2 pcs + FREE MOUNTING KIT $329.00 |
|
|
New 10K8 RIP FENCE Powertools for Craftsman $62.30 |
|
|
ECLECTIC 5330031 Amazing GOOP Super Mend Epoxy Paste 4 oz Kit 4PK $34.95 |
|
|
Carrier Bryant OEM Circuit Board HH84AA021 $42.00 |
|
|
Hand valve with ¼” quick fitting for water line $4.00 |
|
|
New Passage Egg Shaped Knob Brushed Nickel Lever Door lockset 2.8in bolt R2 $11.99 |
|
|
CIFIAL 234.640.49X ENVISION TUB FILLER NICKEL/BRASS $230.00 |
|
|
SOLAR PANEL LOT 45 WATT 12 VOLT – 45W x 2 pcs + FREE MOUNTING KIT $239.00 |
|
|
12 x 10 KRUEGER Fixed Blade Return Grille Model S580 (Brand New in Box) $6.50 |
|
|
BATHROOM ACRYLIC HIGH QUALITY BATH TUB SPA SHOWER BATHTUB IF210 $952.00 |
|
|
Replacement Baffle Plate for Morso Wood Stove 2110 Panther Euro $89.99 |
|
|
40 IDENTIFICATION KEY-LABELS TAGS ( 8 colors ) $6.99 |
|
|
Stainless Steel Kitchen Sinks Undermount 20 Sinks $1,400.00 |
|
|
MARBLE GRANITE KITCHEN FLOOR TILE- EMPERADOR DARK/LIGHT $5.25 |
|
|
Delta 3530-LHP Chrome Double Handle Widespread Bathroom Faucet WITH HANDLES!! $31.01 |
|
|
Six Used Commercial Stainless Steel Kickplates 8″x34″ $36.65 |
|
|
6910555-WATER HEATER GAS VALVE-THERMOSTAT-GREAT PRICE-$89.00 $89.00 |
|
|
American Heat AH-27 Whole House Tankless Water Heater $103.50 |
|
|
Kohler Coralais K-T15231-4-CP Bath and Shower Faucet Trim Polished Chrome $40.00 |
|
|
ECLECTIC 5330031 Amazing GOOP Super Mend Epoxy Paste 4 oz Kit 10PK $84.95 |
|
|
KOHLER T10278-4-CP CHROME ROMAN TUB FAUCET TRIM $70.00 |
|
|
Graco Pump Repair Kit, 244853 $138.50 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM05 $656.55 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM01 $656.55 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM04 $662.43 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM24 $703.56 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM21 $697.68 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM02 $656.55 |
|
|
Kerdi Schluter System Sq Ft Pricing: $1.55 Pr Sq ft = 75.9 Sq Ft $113.85 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM25 $697.68 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM22 $697.68 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW23 $401.72 |
|
|
Polished Chrome Tub Shower Telephone Faucet RM03 $552.27 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW21 $401.72 |
|
|
Elizabethan Oil Rubbed Bronze Tub Shower Faucet TW18 $284.95 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet TW28 $502.33 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW01 $376.01 |
|
|
Classic Style Polished Chrome Tub Shower Faucet TW16 $243.82 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW34 $520.69 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW33 $511.88 |
|
|
Polished Chrome Tub Shower Telephone Faucet RM04 $561.08 |
|
|
Satin Nickel 4″-15″ Cross Handle Bath Faucet MW05 $160.83 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW03 $376.01 |
|
|
Satin Nickel 4″-15″ Adjustable Bathroom Faucet MW02 $160.83 |
|
|
Satin Nickel Tub Shower Telephone Faucet TW28 $502.33 |
|
|
Oil Rubbed Bronze Lever Handle Wall Tub Faucet TW58 $237.95 |
|
|
Polished Chrome Tub Shower Telephone Faucet RM02 $552.27 |
|
|
Elizabethan Satin Nickel Tub Shower Faucet TW18 $284.95 |
|
|
Satin Nickel 4″-15″ Adjustable Bathroom Faucet MW03 $160.83 |
|
|
2 Handle Oil Rubbed Bronze Wall Mount Tub Faucet TW42 $149.82 |
|
|
Classic Style Polished Chrome Tub Shower Faucet TW11 $240.15 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW06 $379.68 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW04 $379.68 |
|
|
Polished Chrome Tub Shower Telephone Faucet TW26 $405.39 |
|
|
New Comfort 6 Stage Air Purifier Cleaner HEPA UV Ozone Generator – 3 YR Warranty $167.00 |
|
|
Brushed Nickel Stainless Steel Kitchen Soap Dispenser $14.50 |
|
|
Retro Brushed Nickel Cabinet Drawer Handles 3.0 H362 $1.75 |
|
|
Classic Style Polished Chrome Tub Shower Faucet TW13 $240.15 |
|
|
VINTAGE NOS COMBINATION SWITCH OUTLET BAKELITE COVER PLATE BROWN *SET 4* $13.99 |
|
|
SAMPLE – Glass Blend Mosaic Tile Decor UGM1001 $4.49 |
|
|
CHAMBERLAIN/LIFTMASTER/SEARS SAFETY BEAM BRACKET $7.95 |
|
|
POLISHED BRASS-PLATED STEEL PROTECTIVE FEET, 1-7/16″ $5.95 |
|
|
Delta 2530-PBLHP Innovations 2 Handle Centerset Lavatory Faucet, Polished Brass $125.00 |
|
|
Antique Brass Flush Cabinet Hinges Hinge one pair $1.60 |
|
|
NIB Chrome Finish Shower Head Handle – 3.5″ with 5 feet hose.5 functions! $24.99 |
|
|
GTO Pro 3000 gate opener $345.00 |
|
|
20-Pack Fluidmaster Dura-Flush Flapper Bulls Eye Red Toilet Flapper #501 $115.00 |
|
|
Stadler Form Cartridge A-112 $14.99 |
|
|
AMEROCK BP8700G10 Hinge; Double Demountable, Inset 3/8″ Pair $6.18 |
|
|
AMEROCK PK3180TBG10 Hinge; Full Inset, Partial Wrap $3.29 |
|
|
NEW 6 Pc Painters Kit /Professional Ladder Utility System – Works On ALL Ladders $13.99 |
|
|
MIRACLE 511 SPRAY ON GROUT SEALER FOR WALLS FLOORS AND COUNTERTOPS 15OZ $5.99 |
|
|
Automatic Water powered back up Sump Pump – HB-1000 w/ water alarm $150.00 |
|
|
RFID Proximity Entry Door Lock Access Controller System + 10 Key Tags/Token New $5.69 |
|
|
Hamilton Beach Air Odor Control Air Purifier New in Box $5.99 |
|
|
SOLAR PANEL LOT 40 WATT 12 VOLT – 40W x 2 pcs + FREE MOUNTING KIT $209.00 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM21 $649.40 |
|
|
Oil Rubbed Bronze Tub Shower Telephone Faucet RM24 $649.40 |
|
|
Whirlpool PUR Side by Side Refrigerator Push Button Cyst Reducing Water Filter … |
|
|
Frigidaire WF2CB PureSource2 Ice And Water Filtration System … |
|
|
Whirlpool KitchenAid Side By Side Refrigerator Quarter Turn Water Filter … |
|
|
Disney’s The Kid $5.93 Russ Duritz (Bruce Willis) is an ultracynical, 40-year-old L.A. image consultant who fashions bogus façades for scumbag clients. Oblivious to his own need for a makeover, he’s a tyrant in the office (to the chagrin of his sarcastic assistant, played to perfection by Lily Tomlin), and he’s emotionally unavailable to the morally centered woman (Emily Mortimer) who senses goodness beneath Russ’s har… |
|
|
Powerbuilt 644044 1/2-Inch Drive Needle Torque Wrench $11.99 644044 Features: -Needle torque wrench.-Dual torque scale offers readings in meter kilograms and foot pounds.-Meets or exceeds ANSI standards. Construction: -Heat-treated S45C steel construction. Dimensions: -Dimensions: 21.5” H x 1.63” W x 1.88” D. Warranty: -Lifetime limited warranty…. |
|
|
Decor Grates ST212 Scroll Floor Register, Textured Black, 2-Inch by 12-Inch $10.99 Decorative register covers are a great way to finish off a room and show that you care about the details in your home…. |
|
|
Handyman Club Video Series: Plumbing Techniques ~ Cutting & Joining $9.99 *Compression Fittings, *Threaded Fittings, *Developing a Plan, *ABS vs. PVC, *Cutting ABS/PVC, *Solvent Welding ABS/PVC, Joining Dissimilar Materials, *Cutting Copper Tubing, *Soldering Copper Fittings, *Saddle Tees…. |
|
|
I’ll Be Home for Christmas (1998) [VHS] $3.00 Jonathan Taylor Thomas stars as Jake, a shallow huckster attending college in Los Angeles who finds troubles aplenty and, eventually, redemption on a road trip home in this youth-oriented Christmas vehicle. The action begins with Jake dumped in the desert dressed in full Kris Kringle regalia as payback for a scheme gone wrong, making Taylor Thomas the second Home Improvement cast member to do… |
|
|
Venetian Plaster: The Elegant Alternative (Modern Masters How-To Application Video) $9.49 Step-by-step instructions how to apply Venetian Plaster…. |
|
|
Baby Babble – Speech-Enhancing DVD for Babies and Toddlers $14.99 Baby Babble (TM) – Speech Enhancing DVD is a captivating experience that exposes babies and toddlers to age-specific sounds and words. Little ones will love the simple sign language, amusing facial exercises, and beginning speech sounds and words while colorful toys and carefully arranged music stimulate their imagination. Parents will learn how to encourage speech and language at home in an educ… |
This entry was posted on Wednesday, January 18th, 2006 at 4:28 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.