Indiana Home Improvement Mortgage Loans
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Indiana home improvement mortgage loan financing has never been easier. We will get you the cash you need.
- Purchase your home and finance the improvements in one loan.
- Programs with up to 125% of the appraised value.
- Conventional rates available.
- FHA 203k Improvement Loans also
Why consider a home equity loan for your Indiana home improvement needs? Because there's cash in your home! It's far less expensive to borrow from the equity in your home than to pay the high interest rates charged by credit card companies. You can use home equity loans to consolidate debt, lower monthly payments, or to finance major expenses like home improvements, college tuition or a dream vacation. Plus, the interest on home equity loans and lines of credit is often tax-deductible.
We can help you can make your house into the home you've been wanting to own all along. It can allow you to make necessary repairs to your home, modernize your kitchen and bathrooms, build an addition or add the pool you've always dreamed about having. Without using credits cards or risking your life savings you can increase the overall value of your home with a home improvement loan.
You may use all or part of your financing for home improvements. There are no major restrictions on the type of improvements to be made, within the boundaries of local building codes. Depending on the extent of the project, and the specific program, you typically have the choice of doing the work yourself, or using a licensed contractor. An appraisal may or may not be required.
Equity is not required. We have programs available whether your have built equity, or not. The maximum amount can go as high as 125 percent of the value of your home.
This type of financing is a fully amortized, fixed rate 2nd mortgage. Placed in 2nd position on the property title, there is no affect on the terms of the existing 1st mortgage. You may choose a term from 5 to 25 years. The minimum loan amount is $15,000 unless stated otherwise on the application.
We have many Indiana home inprovement loans to choose from, please contact us for information on any program you need..
Here are some ideas for popular home improvements.
Bathroom remodeling: Remodeled bathrooms can add a lot of value to your home. Bathrooms often need remodeling before other rooms due to the water moisture. A little work now could save thousands in repairs in the future as well as increase the value of your home. Use your loan for installing larger fans, re-tiling or replacing the shower stall or adding a personal body spa.
A New kitchen: The kitchen is where the family meets, and if your family is growning, you may need a new kitchen. Use your loan for a new easy to clean glass to range, a larger refrigerator and spend less time doing dishes with an energy efficient dish washer.
Energy efficient windows and doors: Speaking of energy efficient, installing new ultra efficient door and windows and reduce your monthly bills dramatically. Keep your cool A/C air where it belongs, inside.
A new deck or pool: Start enjoying summer cook-outs and evenings with friends on a new deck or install that pool you have always dreamed of. Both of these will enhance the value of you house.
General repairs: Home repairs are inevitable, but that should not bring you down. Your house is a great investment and you can use the your equity to finance your repairs. General upkeep protects your investment.