Capturing a Home Improvement Loan After Mortgage
There are steps you will need to take.
- Determine the cost of your remodel.
- Gather together the necessary documentation, including proof of income, and tax forms for previous years.
- Run a credit report.
- Shop for the best possible interest rate with a reputable loan company.
- Apply for a home improvement loan with a reputable mortgage company.
- Read all the small print of the home improvement loan before signing.
- Make sure you are capable of making the specified home improvement loan payments. This home improvement loan is a second mortgage and if you default you could lose your home.
