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Home Equity Loans Honolulu HI

Home equity loans are loans in which the borrower uses their home’s equity as collateral. When paying for major expenses, such as home repairs, medical bills, or college, this type of loan is useful. For more information on home equity loans, check the listings below.

Conrad Takehara
2051 Young Street #89
Honolulu, HI
Service
Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,Wealth Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Busine

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Word Of Life Federal Credit Union
(808) 447-1111
564 South St
Honolulu, HI

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Windward Community Federal Credit Union
(808) 247-8555
Windward City Shopping Ctr
Kaneohe, HI
 
Hawaiiusa Federal Credit Union
(808) 233-1200
Windward Mall
Kaneohe, HI
 
Hawaiiusa Federal Credit Union
(808) 674-8350
920 Kamokila Blvd
Kapolei, HI
 
Hawaii State Fed Credit Union
(808) 587-2700
1099 Alakea St Ste 100
Honolulu, HI

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Navy Federal Credit Union
(888) 842-6328
4256 Radford Dr
Honolulu, HI

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Territorial Savings Bank
(808) 235-0089
46-005 Kawa St Ste 102
Kaneohe, HI
 
Navy Federal Credit Union
(888) 842-6328
25 Kaneohe Bay Dr Ste 220
Kailua, HI

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Hawaii National Guard Federal Credit Union
(808) 682-0400
91-1227 Enterprise Ave
Kapolei, HI
 
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Home to Best Finance Home Improvement

A Guide to Home Improvement
Financing

home remodeling articles and tips

topic: home improvement financing
by Allison B

How to Pay for Home Improvement

If you're confused about how to pay for an upcoming remodeling project, don't fret. There are a wide variety of home improvement loans and other types of home remodeling financing to consider.

The solution depends on your finances and the cost of your project. If you are starting an $80,000 addition, then you may need a home improvement loan or line of credit from a lender. This means you are tapping into the equity in your home and taking out a second mortgage. The benefit of this type of home remodeling financing is that you can tap into a large sum and pay it back over two to four years. These types of loans often are tax deductible and carry competitive interest rates.

Using a Line of Credit

If you are doing smaller projects throughout the year, a line of credit can be a better option. This allows you to draw funds as you need them, up to a predetermined limit. While a line of credit is a great option for home remodeling financing, you should be diligent about paying it off in a timely manner.

There also are home remodeling financing options available through retail stores and contractors. Some stores offer special "No Interest" financing, so long as you pay the balance before the plan's expiration date. Otherwise, you will be charged interest, often at 18 to 21 percent.

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