Home Improvement Loans
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?