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3 Options for Financing Home Improvements in 2021

3 Options for Financing Home Improvements in 2021

With a home equity loan, you borrow a lump sum of money and pay it off in regular installments over time. A home equity loan doesn't actually need to be used to cover home renovations -- you can borrow against your home for any purpose. With a home equity loan, you'll generally pay less interest than you would with a personal loan.