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Make the kitchen of your dreams a reality using kitchen remodel financing. A new kitchen can be a wise investment that may increase the value of your home. It may also bring more joy to you and your family. After all the kitchen is considered the heart of most homes. Acorn Finance is a leading provider for basement financing. On approved loans, you can borrow up to $100,000 and take as long as 12 years to pay it back. Let’s explore the various kitchen remodel financing options available for all credit types.
Can you finance a kitchen remodel?
In most cases, you can finance a kitchen remodel and typically have multiple types of loans available. It’s up to you to do your homework and select the loan that is best for you. Personal loans can be an attractive option because they typically do not require collateral. In addition, the interest can be much lower than using your personal credit card. AcornFinance.com is a reliable and top-rated company that provides personal loans for kitchen remodel financing. Take advantage of affordable payment options and free services while saving tons of time.
Three steps to get started with AcornFinance:
Is there a minimum amount I can finance for a kitchen remodel?
Different lenders typically have different minimum loan amounts. On average minimum loan amounts usually start as low as $1,500.
How much does a new kitchen cost on average?
On average a new kitchen remodel typically costs between $12,601 to $35,059. This breaks down to about $75 to $250 per square foot. The size of the kitchen, materials selected, and whether the layout is changed or not, can all affect the total cost.
What credit score is needed to apply for kitchen financing?
Acorn Finance partners with multiple lenders that can provide kitchen remodel financing for all credit types. However, having a minimum credit score of 620 can increase your chance of approval.
Pros & Cons of Financing a New Kitchen
Let’s take a look at the pros and cons of financing a new kitchen.
Best options for kitchen financing
Personal loans are available for all types of credit and can be used for kitchen remodel financing. Although rates may be higher compared to secured loans, most personal loans don’t require any collateral. Personal loans are often easier to secure and tend to be less risky than comparable options. Comparing lenders is important if you decide to use a personal loan. Most likely, many lenders will be competing to secure your loan. This means you have the ability to shop rates and terms and make sure you get the best deal. AcornFinance.com is a secure platform that allows you to submit one application and receive multiple personalized offers from lenders.
Refinancing your mortgage may be an option to finance your kitchen remodel. However, it typically has more risks and takes more time than using a personal loan.
Home equity loans are a secured loan that uses your home’s equity as collateral. Since a kitchen remodel can increase the value of your home it may make sense to consider a home equity loan. However, compared to a personal loan there may be more risks involved when using a home equity loan. The equity of your home is calculated by taking your home’s current value and subtracting what you’ve paid so far toward your mortgage.
Personal Credit Cards
Credit cards can be a convenient solution for kitchen remodel financing. Some credit cards may offer special 0% interest promotions that you can take advantage of. However, in most cases credit cards have higher interest than personal loans. In addition, your maximum spending limit may not cover the cost of your kitchen remodel.
In conclusion, the kitchen remodel of your dreams can become a reality sooner than you imagined using kitchen remodel financing. At AcornFinance.com you can apply online in less than a few minutes. Your one application can generate multiple competitive and personalized kitchen remodel loan offers. Select the one that works best for your situation with confidence that you are getting the best deal.
Take the next step… apply online today!