Remodeling your house is a goal of thousands of homeowners who are sick of the look of their home. If you want a new kitchen, a pool, to redo the basement or add a deck or patio, it can be an expensive project for homeowners. A remodel with a refinance can make the project affordable and get your dream home finished.
Thanks to housing prices increasing and the continued low-interest rates available, people are realizing that a refinance can help them ADD value to their home. The winter is a great time to start looking at your options for how to change your home for the better when spring rolls around. Many refinance loans are going into homes as renovations.
Repair and remodeling industry spending has grown every year. Most of these will be smaller, interior projects like kitchens and bathrooms. For every 1 percent of real appreciation there is a 1 percent incremental higher average project size for both big and small projects, as well as a 1 percent increase in average small project spend per remodel.
There are two beneficiaries of this boom. One is, of course, the contractors and big box stores that sell the contractors materials. The other is YOU. Why is this good for you? Because with lower interest rates, The Home Loan Expert can get you a lower rate on your mortgage and you can refinance with a Cash Out Refinance. This lets you take cash out of your home to do the remodels that you need to increase the value of your home. It’s win-win. You get a new kitchen, bathroom, basement, or whatever project you desire, and you save money by refinancing to a lower interest rate.
If it’s time to remodel your home, call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?