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Renovation loans serve as essential tools for homeowners aiming to make necessary or cosmetic changes to their properties.

With fixed interest rates and the ability to borrow a lump sum, these loans offer a

manageable way to handle payments.

Renovating your home is one of the few investments that can significantly enhance your quality of life, upgrade your living space, and increase the value of your property for future sale.

Renovation loan is a single-close loan that enables borrowers to purchase a home that needs repairs or refinance the mortgage on their existing home and include the necessary funds for renovation in the loan balance.

The loan amount is based on the “as-completed” value of the home rather than the present value.