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Can I Take Out a Loan to Remodel My Home?

Assurance Financial

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage.

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Does Refinancing Affect Your Taxes?

Assurance Financial

Home improvements: With a cash-out refinance, you can finally tackle those home improvements. No matter whether you want to put a new roof on your home or build an addition, when you refinance, you can free up more cash that can be put toward these renovations. Make a Capital Home Improvement.

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Second Mortgage vs. Refinancing Your Home

Assurance Financial

Deciding how you get the money: You can select whether you want a HELOC or a home equity loan. If you want a lump sum, you may want to select a home equity loan. If you want to tackle a home renovation or another ongoing project and you don’t know exactly how much money you may need, you may want to choose a HELOC instead.