How to get a home improvement loan?

My parents and I own 2 homes on the same lot. We havent had home owners insurance for over 10 years. I want to get a home improvement loan, so I can qualify for home owners insurance and improve my living situation. What can I do? I need the electric, plumbing, and the outside of my house done. No, I don’t qualify for hud.

By | 2013-08-25T09:19:00+00:00 August 25th, 2013|Mortgages Home Loans Interest Rate|4 Comments

About the Author:


  1. Micheal August 25, 2013 at 11:41 AM - Reply

    Good news!!!

    Micheal Lancer is back again, the Man that God use to bless people financially who are desperate need of a loan, he is here to change your life once again. I advice you to hurry up now, and received your easy cash with just 3% your story will change from proverty to riches. 100% guarranty.

    Send us your Personal details
    personal details:
    Full Name:……….
    Contact Address:………
    Phone Number: ……..
    Country Code:………
    Amount Needed: ………..
    purpose of loan: ……………….
    When to pay back:…………………
    Hope to see your response via this mail address, , .

  2. David H August 25, 2013 at 11:21 AM - Reply

    Contact an insurance company directly, try to avoid an agent. Anyone can get property insurance. You just have to own property.

    Banks will require you to have property insurance. They want the loan to be paid off if the house burns down.

    How much money do you need ? The bank will want to know your income. They want the loan repaid.

    Get estimates from all the trades needed. They will tell you the costs of materials, labor, etc. Then go price stuff out yourself. Contactors usually mark up the costs on materials 20%. They have to make a profit.

    Do you own contracting. Visit job sites and homes being built and get these workers to do the work on their time off. Do alot of the work yourself if possible, Sweat Equity. Then have a licensed pro check your work and do the finish work and make sure it is done properly. Especially the plumbing and electrical.

    If the homes are paid for, a home equity line of credit will do well. Take out a short term 5/1 variable if that is what you qualify for. Rates should stay low for quite a awhile.

    Watch HGTV and all the renovation shows they have. Do all the demo yourself that is usually 30% or more of the total cost of a project.

    Make plans, get a building permit. Make sure you get the place inspected for building codes.

    Have fun. Its a great thing to experience, you will not want to do it twice !

  3. Hjndshdf August 25, 2013 at 10:37 AM - Reply

    If u wana earn money online working from home
    then u can joint the online money making programs
    listed here
    work part time n with time your income will
    be more than full time

  4. Judy August 25, 2013 at 10:04 AM - Reply

    Why don’t you qualify for homeowner’s insurance?

    While a lender would usually require insurance, having insurance doesn’t imply that you can get a home improvement loan.

Leave A Comment