Financing 

I have probably helped my customers finance a million dollars or more worth of remodeling. Most large contractors have banks & finance companies asking us to lead our customers to them for financing their remodel. The finance business is also competitive & we would frequently be able to help our customers finance a loan at a cheaper rate than they could get themselves.

I always thought you were better off financing than paying cash. (Yes, there are people who want to pay cash) When you pay cash you are paying in todays dollar value. If you finance you are returning the money with inflated dollars. In addition, you can invest the cash & the returned dividends mitigate some of the finance interest. In the long run, I think you are better off financing.

Now, I think there are maybe a few of you who do not have the cash. That being the case you can either take a home improvement loan, equity loan or refinance the mortgage. There is not much choice. Different economic environments will dictate you best choice.

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