When funds need to be raised, we recommend evaluating all options at this early stage, before you have actually committed to any work.  

Creating funds from the property is one way many raise funds for residential or commercial work.  Refinancing, a Cash Out loan, an Equity loan or a specific loan for the work (Construction loan) are just some of the ways to create the funds from the property.  When considering costs, it is important to remember the costs associated with raising the funds (escrow, loan fees, title insurance and so forth) as well as the costs associated with paying back the loan (interest, pre-payment penalties). 

In many projects, the value of the property will increase which will result in increased property taxes (unless you live in an area with no property tax to the envy of the rest of us). 


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