Home improvement loans Renovation loans

A home equity line of credit, commonly called a HELOC, borrows against home equity, just like a home equity loan. The difference is that a HELOC awards a revolving credit line backed by your home equity instead of a lump sum payment. FHA 203 loans have specific eligibility requirements and limitations.

• It’s all down to your personal circumstances and what suits you best.
• Apply in person at smaller banks and credit unions, but larger ones and online lenders usually offer online applications.
• With Leanne’s interior design expertise and Steve’s experience as a carpenter and licensed