How do I compare renovation loans?
To compare renovation loans, consider interest rates, terms, fees, and eligibility requirements.
What types of renovation loans are available?
Common types include FHA 203(k), Fannie Mae HomeStyle, and personal loans for renovations.
What should I look for in the terms of a loan?
Look for the interest rate, repayment period, and any prepayment penalties.
Can I use a renovation loan for energy-efficient upgrades?
Yes, many renovation loans can be used for energy-efficient upgrades, just check the specific loan guidelines.
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