How to Get a Home Improvement Loan
If your house is several years old, it is probably time to make some major improvements. Updating items such as flooring, counter tops and plumbing fixtures adds monetary and personal value to a house, but can be very costly. Here's how to get a home improvement loan and begin converting your house into your dream home. Instructions Figure out what work needs to be done and have contractors provide estimates for completion. Determine the total cost of the remodel to determine how much money to borrow. Gather documents and data required by lenders. Essential items include tax forms for the previous year or two, a credit history, employment verification documents, proof of supplementary income such as social security benefits, debt to income ratio and proof of income such as pay stubs. Request a free credit report, which you are entitled to once per year according to federal law, and review it carefully. If you notice any discrepancies, file a dispute with the appropriate cred