What is RenoFi’s Contractor Due Diligence?
Learn more about this portion of the RenoFi Loan preparation process, including what you have to submit, what we analyze, and why we do it.March 29, 2021
How To Finance An Addition To Your Home
A complete guide to help you understand the different ways you can finance your home addition and the pros and cons of each.March 22, 2021
How Home Appraisals Work for Home Renovation Loans
"As Completed" Appraisals are conducted for renovation home equity loans and other construction loans. This appraisal process uses the hypothetical condition that the proposed improvements are completed as of the current date of the appraisal.February 3, 2021
How to Choose the Right Contractor for Your Home Renovation
Why does finding the right contractor always feel like the hardest part of a home renovation? You have a lot of questions, so we’ve got some answers for you. Here are all the steps to take when hiring a general contractor for your home renovation.February 1, 2021
The Rooms Most Likely to Go Over Budget During a Renovation
Are you planning a renovation project but are worried about going over budget? We asked expert builders and contractors to share their experience on the rooms most likely to face spiraling costs and WHY, so you can make sure it won’t happen to you.November 4, 2020
How Do Lenders Set Rates for RenoFi 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.June 12, 2020
The 6 Dumbest Things Homeowners Do When Paying for a Renovation
You’ll have a lot of decisions to make during your home renovation—how to pay for it is probably the biggest. That’s because making an investment in a home you love right now shouldn’t end up costing you for years to come. But too often homeowners make really bad choices when it comes to financing their project, and that’s exactly what happens.June 11, 2020
What do I Need from my Contractor to Apply for a RenoFi Loan?
Just like no two contractors are exactly the same, neither are their contracts or proposals. But in order for us to help put you on the best path to a home you love, there are a few submission requirements necessary in every contract and every proposal/detailed estimate from your contractor that you should know.March 29, 2020
Ways to Raise Your Credit Score Quickly
If a low credit score is preventing you from getting approved for a home loan, there are a few things you can do to bring it up pretty quickly. Depending on what items on your credit report are holding you down, these are some of the fastest strategies to boost your score.March 27, 2020