You deserve to have the home of your dreams. A home improvement personal loan lets you improve your house and pay for it over time. This financing option helps cover expenses for any upgrade, repair or other project, whether you plan to hire professionals or tackle the work yourself.
We made it simple to see your offers in seconds, get your money and repay your loan. Here's what Rocket Loans can offer you for your home improvement project:
Renovate your kitchen or bathroom, upgrade your curb appeal and make your home your own.
When life happens, make necessary repairs to your home while still protecting your savings.
You don't have to wait to save. Lock in your contractors early by getting the funds you need, when you need them.
Taking out a personal loan for home improvement works like taking out a personal loan for most any other reason.
First, decide the loan amount you need. Then, submit your information to see your loan offers, which spell out the interest rates and repayment terms you prequalify for. After being approved and accepting the conditions of the loan, you'll collect your funds. Rocket Loans offers same-day funding in some cases.
Once you have your money, you can put it toward your project expenses. After that, you'll make monthly payments according to the conditions of your loan agreement until you pay the loan back in full.
Unlike some other home improvement financing methods, which may require the borrower to secure the loan with collateral in the form of the borrower's house, Rocket Loans offers unsecured loans. This means you can be approved for funding without offering up collateral of any kind.
Here's the easy, step-by-step process for getting a home improvement loan from Rocket Loans:
Let's explore answers to some common questions about home improvement loans.
From a minor facelift to major home renovations, examples of project costs you can cover with a home improvement loan include:
Renovation loans can enable you to make necessary repairs or create your dream living space. No matter the project you're funding, your financial circumstances play a large role in whether a renovation loan is a good idea for you.
You should reflect on your situation to determine whether a home improvement loan is right for you. If you don't have home equity you can use for a project, a personal loan for your home improvement project may be an option. Consider factors such as your ability to take on a monthly loan payment and the type of project you're funding. If you don't have cash to cover costs upfront but you think you can manage paying them off in monthly installments, a home improvement loan might work for you.
A home loan, often called a mortgage, is a financing option used to buy a home. On the other hand, a home improvement loan enables homeowners to cover costs for a project aimed at improving their home in one or more ways.
