In as little as 60 seconds, you can find out if you are preapproved today and be on your way to getting the garage loan you need to make your home everything you’ve wanted it to be.
Many Options for a Garage Loan
We know that you have options to get a garage loan, and you should know the pros and cons of each of those options.
Home Equity or Home Refinance
A home equity loan or refinance is definitely an option if you have extra money available in your home. They offer lower interest rates and prevent you from needing to use high-interest options that could wreak havoc on your credit or financial situation.
However, the downside to these loans is that you will need to use your home as collateral. You are redoing your mortgage (making payments higher with current interest rates and possibly extending the term of your loan). Think of all that extra interest!
If you can’t pay the loan for some reason, there could be issues. You could also end up paying so much in closing costs that you don’t have the money you need left over to complete the project.
It’s a risky move but an option.
If you have the ability to get a credit card with a high enough limit to fund the project, it will most likely come with exceedingly high interest rates attached. The average American will likely need multiple cards maxed out to fund such an endeavor, and that may tank your credit score.
Credit cards are likely the worst option for you unless you are doing something minor that does not require a large amount of funds.
A personal loan allows you to get the funding you need at a lower interest rate without using your home as collateral. HFS Financial knows that having the peace of mind that your home is safe means more than almost anything else.
Our experts will assist you in finding the loan that suits your needs best while keeping interest rates as low as possible. And with no money down, no collateral, and no staged funding, building your garage couldn’t be easier.
Why HFS Financial for a Garage Loan?
There are many scammers around today, and worse, some who prey on hard-working people by offering loans with horrible rates and conditions. You want to be certain that you are not going to be taken advantage of, and we are here to assist with that.
Our reviews speak for themselves, as we have helped countless others find loans at competitive rates perfect for their needs.
Use our rate checker today to see if you are preapproved. It only takes 60 seconds and won’t impact your credit score for inquiry.
Our experts will be ready to follow up with you to complete the loan process after you fill in these quick questions to tell us more about your project.
We are standing at the ready to get you the garage loan you need. Get started making your dreams come true today.