Fathom Realty
You’ve put together a list of the home improvements you would like to pursue. It’s now time to calculate the costs and figure out financing. Interested in a home improvement loan? Using a home improvement loan calculator works to your best interest. Here’s how:
Home improvement loans are specifically utilized for home improvement projects. These loans are unsecured and perfect for smaller projects like upgrading your bathroom. Home equity loans, by contrast, are secured and are typically used for larger projects, such as adding on an additional room.
A home improvement loan calculator is simple to use. You enter the amount you would like to borrow, along with the potential loan duration and interest rate. Then, you enter the percentage of the application fee.
Once you enter these items of information, it will give your loan results in a table. This table will indicate the cost required to pay off the loan, monthly payment, APR and interest.
The results of the calculator reveal some important aspects of your financing. It calculates your monthly payment and the amount of interest you have to pay over the duration of the loan. This interest rate is based on a number of factors including credit score, loan term and loan amount.
Before applying for a home improvement loan, consider the cost of the project you wish to start. If the project is larger, a home equity line of credit can be a great option. This particular loan allows for you to borrow up to 85% of your home’s total worth. If your project is smaller, a Title I home improvement loan may be a better fit. Speak with a lender to learn more.
Home improvement projects can be a challenge, but the right tools can help them go smoothly. Using a home improvement calculator and having the right lender on your side is key.
With over 10 years experience serving the Dallas and metro area, I am dedicated to providing my clients with outstanding customer service and to earning the referral business of my clients. I focus on family values and customer service. I have made a lot of friends in this business. Constant communication is a big part of my success. Proven professional who brings knowledge, skill and care to every transaction. I would love to be your realtor and if you know of anyone who is thinking about buying or selling a home or would just like additional information about property values in my area then call, text or email me today. If you or someone you know are a veteran, firefighter, policeman, teacher, doctor, nurse contact me about special incentives. If you or someone you know has a blemish on your credit report and is not in active bankruptcy contact me about a new company that can help you get into a home. If you need a reputable credit repair company that will give you help to get back on the right track then I have a great company. If you want to purchase a home but still don't have enough saved there are still available funds to help you with that. Are you or someone you know relocating to the Dallas area? I have helped families relocate here. I understand your family's needs. Certifications: New Home Construction, Senior Designation, American Warrior, First Time Home Buyer, EPRO,Relocation
