Financing a project with a Nation Home Renovations approved lender allows you to conserve both your money and your equity, and typically offers a much lower rate and longer amortization than a credit card. Nation Home Renovations allows you to pay for the best value without paying out of pocket all at once.

Loan terms vary by credit score and equity in the property. But the longest loan term is 30 years and most loans come with no prepayment penalties.

Payments always start after the installation is done. It can take up to 17 months for your first payment to be due.

Although 100% financing is available since day one of buying your new home, some providers require at least six months from the time you purchase your home to the time you are able to apply for an equity based home improvement loan. Just check with our specialists before for more details.

Normally, an unsecured home improvement loan begins with an online or over the phone application. The approval can be quick, but it’s usually FICO based. When you are approved, you are able to get the funds. Then, you must look for a contractor to work on your project. This contractor will invoice you directly when the services are done.

With PACE, you don’t have to worry about looking for contractors, nor paying them directly. PACE will take care of this, but not until you are 100% satisfied with the results of your home renovation project. Plus, your payments mat not be due for up to 17 months or so!