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Updated over 10 years ago on . Most recent reply

Eldon S Bailey's profile image
Eldon S Bailey's profile image
Eldon S Bailey
  • Real Estate Investor
  • from Clearfield, Utah
  • Member since Aug 4, 2015

User Stats

11
Posts
2
Votes
Eldon S Bailey's profile image
Eldon S Bailey's profile image
Eldon S Bailey
  • Real Estate Investor
  • from Clearfield, Utah
  • Member since Aug 4, 2015
Eldon S Bailey
  • Real Estate Investor
  • Clearfield, UT
2
Votes |
11
Posts
Creative Real Estate Financing

Home Improvement Loans

Eldon S Bailey
  • Real Estate Investor
  • Clearfield, UT
Posted

I want to increase the value of my primary home by doing some much-needed repairs.  My wife and I want to sell this home, then downsize or owner-occupy a multi-family, and have additional cash for investing.  We currently owe $148,000 and the current market value is approx. $207,000.

The question I have is about Home Improvement Loans.  Are they better or worse than Home Equity Loans?  What about the requirements for each?

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