Figuring out how you are going to finance your renovation can be tricky, below are 4 common options.
- Cash
Saving up an using your own money is the best way to finance your renovation, there are no extra fees, interest and no need for approval.
- Reno now, pay later with Osarc’s finance
OSARC offers finance in conjunction with handy pay, low fee no interest finance is a great option if you want to renovate but don’t have the money and don’t want to go through the bank.
Check your eligibility here.
- Apply for a personal loan
Whilst personal loan interest rates are high they do offer a quick way to get the funds needed for your renovation they also let you manage your payments yourself.
- Equity in your home
Equity is the difference between what your house is worth and what you owe on your loan. If your house is worth more now than when you bought it you may be able to refinance and gain the funds needed for your renovation through your home loan.
