Loan Education

Understand different loan types, terminology and topics.

Loan Basics

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Everything you need to know about LTV (loan-to-value ratio)

What is loan-to-value ratio and how does it affect how much you can borrow with a home loan?

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How do lenders set rates for home equity loans?

Here’s a little background on the different factors that will dictate your rate for a RenoFi Loan. There are four main components that lenders will use to determine your rate.

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The RenoFi glossary of renovation finance terms

These are the terms you need to know when securing the financing you need for your remodel.

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HELOC vs. home equity loan: which should you use for a renovation?

In this guide, we take a deep-dive into the pros and cons of using a home equity loan or home equity line of credit (HELOC) to pay for a renovation.

Renovation Loans

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Top 3 red flags that show your lender isn't trustworthy

Trying to decide which lender is best for your home improvement loan? Make sure you don’t end up with a bank or credit union that exhibits any of these three red flags.

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What are PACE loans?

Home renovation financing, and specifically PACE loans, got a major shout out on the most recent episode of Last Week Tonight with John Oliver.

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Freddie Mac ChoiceRenovation Loan vs RenoFi Loan: Which Is Better For Renovating?

Discover the differences between Freddie Mac ChoiceRenovation Loans and RenoFi Loans and how they both work for financing renovations.

Home Equity

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How Soon Can You Tap into Home Equity?

Wondering whether you can or should borrow against your home? These are the top factors you need to consider if you’re deciding to tap into your home equity.

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How to build equity quickly in your home

Learn how home equity can become your greatest financial asset, and how you can build wealth by increasing the equity in your home.

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Are home improvements tax deductible?

If you completed a home improvement project using a home equity loan or HELOC, including RenoFi Home Equity Loans and RenoFi HELOCs, you may be eligible for home mortgage-interest deductions.

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3 reasons why you shouldn't use a cash-out refinance to pay for a renovation

For some homeowners, a traditional cash-out refinance isn’t going to be the best way to pay for home improvements. Make sure you explore your options to finance your renovation wishlist before going down this route.

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Can you add renovation costs to a mortgage?

A comprehensive guide to help you understand how you can add renovation costs to a mortgage and if this is the right option for you.

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What do low refinancing rates mean for your renovation?

If you're planning a home renovation in the near future, you CAN lock-in that awesome lower rate with a new mortgage, and when you're ready to renovate, just add RenoFi's renovation home equity loan on top without another refi. Here's how RenoFi loans can help you maximize your borrowing power and your cost savings — on your own time.

Construction Loans

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3 reasons why you shouldn't use a construction loan for your renovation

There’s a better financing option for your home improvements.

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Construction loans: what they are and how they work

A comprehensive guide to understanding what construction loans are and how the process works; from qualifying and applying to draw schedules, approvals and more.

FHA 203k + Fannie Mae Homestyle

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5 reasons why you shouldn't use a Fannie Mae Homestyle renovation loan

Looking for the best loan to finance your home renovation project? These are the biggest reasons why you should consider a RenoFi Loan rather than a Fannie Mae Homestyle Renovation Loan.

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Fannie Mae Homestyle renovation loans: what they are and how they work

A comprehensive guide to Fannie Mae HomeStyle renovation loans and if they are the best way to finance your renovation.

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FHA 203k loans vs Fannie Mae Homestyle loans: which should you use for a renovation?

Discover the differences between FHA 203k Loans and Fannie Mae HomeStyle Loans and how they both work for financing renovations.

Home Improvement Loans

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Home improvement loans: what they are and how they work

A home improvement loan is a great way to finance your home renovation wish list. Learn about the different types of and if this style of unsecured loan is right for you.

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4 reasons why you shouldn't use an unsecured home improvement loan

Learn why most homeowners shouldn’t use an unsecured home improvement loan to finance a renovation project and what your alternative options are.

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4 reasons why you shouldn't use a personal loan for a home renovation

Most homeowners have better options to finance a renovation than a personal loan, but many don’t know what these are and why they’re more suitable.