FedChoice is offering our members something new and different. Dreaming of doing a major renovation to your home, but not sure that you have the equity today? While most lenders will require you to use a Home Equity loan that only allows you to go up to a certain percentage of the current value of your home, we look to go beyond that.
Here's the good news - our Renovation Loan can increase your borrowing power. We'll work with you and help you borrow based on the value of your home after the renovation is complete. That means you can do your complete project now with one loan - no mortgage refinancing required!
One of the best things? Our Renovation Loan comes with a free concierge service. We’ve partnered with RenoFi, a company dedicated to helping homeowners through the renovation process, to evaluate your entire project, help "nail down" your budget and assist you with screening contractors.
Ready to tap in to increased borrowing power? Learn more!