What is a home improvement loan?
- A short-term loan for a specific project. Examples include:
- New Roof
- Addition
- Remodeling
- New Kitchen
- Garage
- New Floors
What are the advantages of a home improvement loan?
Short-term loan rates are usually much lower than credit card rates, so it can save you money.
When are loans tax deductible?
- Main Residence
- Improvements Increase Value
- Improvements Provide New Uses