In this video I talk about the question I get from clients... Should I borrow to renovate my home?

I wrote an article that discusses this topic, you can read that article here:
https://mymortgagebroker.com/shouldi...

We review the different options for financing a home renovation:
Savings
Personal Loan or Line of Credit
Mortgage
Home Equity Line of Credit
Second Mortgage

I then review the PRO's and CON"s of financing a renovation and then I review what factors you might want to consider if you are financing and completing a home renovation.To calculate how much mortgage payments would be, you can use this calculator on my website:
https://mymortgagebroker.com/mortgage...

If you are considering a renovation with a cost under $20,000 then a personal loan may be a better option than a mortgage. There are no set up fees for a personal loan compared to a mortgage where you might pay legal fees and appraisal fees. Apply for a personal loan here:
https://mymortgagebroker.com/loanapp...

If you have questions, please ask in the comments below. If you would prefer to connect with me privately, then connect on my About Page:
https://mymortgagebroker.com/aboutus/

Check Your Credit. If you aren't sure about your credit rating and don't want to speak with a broker or your banker yet, you can check it yourself.
https://mymortgagebroker.com/getyour...

Repair Your Credit here: https://mymortgagebroker.com/debtrehab
If you have some issues from the past, it's important to improve your credit so that you can qualify to purchase a home and also qualify for lower interest rates when you apply for loans.

Don't need a mortgage? Looking for a loan instead? Visit this website:
https://mymortgagebroker.com/loanapp...


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