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Real Estate
Reply to "Best Loan Source for Large Renovation?"
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[quote=Anonymous]Unfortunately in this case you need to do/ pay for the work first before you do the HELOC to reimburse yourself for cost overruns. If you can’t temporarily get the cash there are some credit unions that will do helocs to 90% LTV. Depending on the amount of the costs overruns I would probably use a zero interest credit card and then put on a heloc to pay it off when done. But I have 3 credit cards with 6 figure limits (and I have another few hundred thousand in personal lines of credit) so it really depends on the actual amounts. [/quote]
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