Financing
Paying for a remodel
Most of our clients pay with savings, a home equity line of credit or a renovation loan from their own bank or credit union. We are not a lender, and we are glad to work with yours.
Common options
How our clients usually pay
Home equity line of credit
Borrow against the equity you already have and draw only what you need as the work moves along. Common for kitchens and baths.
Renovation loan
Some loans are based on what the house will be worth after the work. They suit larger projects like additions and whole-home remodels.
Cash-out refinance
Replace your mortgage with a larger one and use the difference for the project. Worth comparing with your lender.
Working with your lender
We give your lender what it asks for.
Most lenders want to see the plan, the price and how payments will be made before they approve a renovation loan. We send it directly, so you are not stuck in the middle.
What we send
A written, itemized price
The plans and the permit set
A payment schedule tied to finished stages of work
Our registration and insurance certificates
Lien releases from us and our suppliers as we are paid
Dunmore Construction is not a lender and does not arrange loans. Rates, terms and approval come from your lender. Talk with a lender or a financial advisor about what fits your situation.
