Home improvement loans come in many shapes and sizes as do the needs of homeowners seeking to deal with a fixer-upper, add a new room, or update the look, feel, and functionality of their real estate property.
Unsecured loans do not require collateral or put you in jeopardy of losing your house to foreclosure. Meanwhile, contracts secured by the equity in your property have more affordable payments. Then comes credit cards, rent-to-own arrangements, and retailer financing – each with unique pros and cons.