If you have a one - time goal in mind such as
a specific home improvement project, a home equity loan may be best.
Not exact matches
Another benefit of the payment card is the six - month window, which enables users to purchase goods and services,
specific to
home improvement, as the
project progresses or requirements shift over the allotted time.
They can also be used to cover
specific costs or large purchases such as appliances or
home improvement projects.
On the other hand, a HELOC, even though the
home is still used as collateral, requires none of that paperwork and does not require the homeowner to identify the
specific project or
improvement with which the funds will be used.
The report outlines the costs of
specific remodeling and
home improvement projects and the estimated percentage return in various markets should the house be sold a year later.