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What Type of Loan Is Best for Home Improvements? (www.marthastewart.com)

What Type of Loan Is Best for Home Improvements?

With the abundance of time spent at home this past year, homeowners have realized all of the hidden potential. Whether you’re opting to do room-by-room upgrades or expand an outdoor living space, you’re likely wondering if there is a way to finance such an expense? According to Colleen McCreary, chief people officer at Credit Karma, this is possible with a loan. However, how do you tell which loan is right for your home improvement? McCreary says that homeowners have three loan options: a home equity loan, a home equity line of credit, and or a personal loan. Here’s how to decide which one is right for you.

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