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Real Estate
Reply to "Best Loan Source for Large Renovation?"
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[quote=Anonymous]Hi, pretty basic question: I recently bought a house and am looking to do a large renovation (nearly doubling the size of the house). I will likely have the cash to do this (have not yet gotten bids), but I want to take out a loan to provide a cushion, with the idea that I pay this loan back in large part or in full in short order. I am trying to figure out the right product/nomenclature for research. I do not need a mortgage, and not sure a HELOC is the right thing because I just bought the house and have only 20% equity. Thanks in advance. [/quote]
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