Extra money for home improvements often comes from a HELOC or Refi.  At Salmon Bay Lending we can walk you through the pros and cons of your borrowing choices and help you evaluate the smartest and most comfortable option for your situation.

A Home Equity Line Of Credit or HELOC and Refinancing are 2 potential options homeowners can have when they need extra cash for home improvements.  

A HELOC may be a great choice if the homeowner’s mortgage is already in good shape and they do not need much cash to make the desired improvements.

However, when a bigger chunk of money is needed to make those home improvements refinancing  may make more sense. Generally a refi offers a lower fixed interest rate.

Is remodeling in your future? We can run the numbers with you to help you understand your choices.   If a HELOC is your best option that’s what we will suggest. If refinancing looks like the better fit Salmon Bay can help you get the ball rolling!