How To Pay For Home Repairs
When you become a homeowner, you also become a home renovator. No matter what home you purchase, there always seems to be a project or two that you will undertake to improve upon your home. The improvement may be an upgrade of a kitchen or remodeling a living area or bathroom. Whatever the project, there will come a discussion of how to pay for it all.
Exploring Your Home Repair Financing Options
There are several options when it comes to financing a home renovation. One is to have saved and pay for the entire project at once. This is unlikely in most cases and, as a result, most will look to borrow. There are home equity loans and other types of personal loans that homeowners may be able to secure. Those types of more traditional loans have stringent qualifications and are not available to everyone. A bank will want to know exactly what the money is for and will require mounds of paperwork before it even thinks about approving someone for any loan.
Considering Car Title Loans as an Alternative
For those who have a less-than-perfect credit history, traditional borrowing is difficult. If you own a vehicle, though, you may be in luck. While not as well-known as conventional loans, a car title loan is an option for those who own a vehicle with a clear title and have a poor credit history. A car title loan works just like any other loan, except the amount that can be borrowed is dependent upon the value of the vehicle used for collateral.
How the Title Loan Process Works
Potential borrowers who own a vehicle with a clear title and want quick, easy cash to pay for home renovations can apply with a title loan company. At Embassy Loans, a Florida-based lender, applicants can fill out an application online or at any one of their convenient locations. Applicants must provide a few forms of documentation like a photo ID, proof of residency, and the vehicle’s title.
Embassy Loans will verify the borrower’s identity and residency, then confirm that the title matches the car to be used as collateral. The car is then assessed for its value, which determines how much can be borrowed. Once the value is established, the loan terms are finalized, and borrowers can receive their money — often within an hour. There are no lengthy credit checks or piles of paperwork, and borrowers can get fast access to the cash they need for their home projects.
Take the First Step Toward Your Home Repair Goals
Need cash for home repairs? Embassy Loans can help you get the funds you need quickly and securely. Call (833) 839-2274 today to get started.
