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New Year, New Home Projects - How to Qualify For Remodeling Loans

New Year, New Home Projects - How to Qualify For Remodeling Loans

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3 Tips to help you qualify for remodeling loans



The New Year is a great time for many homeowners to take a look and evaluate the need for home improvement projects. There are many options available for homeowners to finance home projects.

Here are 3 tips to help you qualify for remodeling loans.

1. Clean up your credit: Check your credit report and clean it up. Pay down high credit card balances, and pay off any judgments, liens, or other collections. If you find any errors, dispute them immediately to have them removed from your credit report.

2. Get a home appraisal: Have an appraisal done on your home, and determine the amount of equity in your home. You’ll need enough equity in your home to use it to secure a home equity loan.

3. Look at your options: Consult with a mortgage specialist on the variety of loans available. If there isn’t enough equity in your home to refinance or qualify for a home equity loan, there are other remodeling loans available. A mortgage expert can help you determine the type of loan that is right for you.

Contact the mortgage specialists at Midland Mortgage Corp. today to check out your options for remodeling loans.

Call 803.765.1680 or toll-free at 800.854.9484.

Posted Jan 31, 2013 by Midland Mortgage Corporation