If you are looking to update your residence, your should know that financing options & loans for home improvement are available. There are many different kinds of programs that a homeowner could qualify for if they desire to update their home. Many feel that they will only qualify for a loan if they use the equity that is already built up in their home. However this is not always the case. There are home improvement loans with no equity available. Did you know that 33% of homeowners have nearly negative equity in their homes? This simply means that the homeowner owes more than the house is valued at.
But don’t worry, there are many wonderful programs on the market today that a homeowner can look into if they would like to take out a home improvement loan with no equity.