Finances

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Finances

The Mechanics of Financing Home Improvement Projects

Is a personal loan the right way to fund your next renovation? If you're staring at a cracked foundation or a kitchen that hasn't been updated since the nineties, the answer depends on your credit score, your equity, and how fast you need the cash. Most homeowners start thinking about this when a repair becomes unavoidable or a dream project finally moves from the "someday" list to the "now" list. You have several financing options, and each comes with its own rules for interest rates, collateral, and repayment. A home...