The scope of your remodeling project will dictate which financing options to pursue. Credit cards may be an option for natural stone upgrades reaching $5,000. Consider using credit cards with low or 0% APR’s. In addition, many credit cards offer reward points to be used toward future purchases.
For larger projects, a home equity line of credit (HELOC) or a home equity loan (HEL) may be more appropriate. When taking out a home equity loan, you may incur appraisal fees, title fees, originator fees, closing fees, stamp duties, etc. So be aware. Good news is, the interest rates on home equity loans are usually lower than financing rates from credit cards and other sources. In addition, interest payments on a home equity loan are tax deductible.
Discounted Granite is also proud to partner with GE Money, the world’s largest retail finance program provider. GE Money delivers fast, dependable financial solutions to consumers, businesses, and merchants. Their expertise in financial services dates back more than 75 years. The GE Credit Corporation was formed in the U.S. during the Great Depression to finance the purchase of home appliances. Please click here learn more.