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Home Improvement Refinance

The real estate market has been experiencing a high demand that outweighs the supply. This has motivated many homeowners to consider a remodel or renovation for their existing home(s). Spire Financial (A Division of V.I.P. Mortgage Inc.) has home improvement refinance options available to every homeowner looking to capitalize on their investment opportunities. Even a small-scale remodel can dramatically increase the value of your home, and our loan officers are ready to get you started.

Deciding to Renovate or Remodel

One of the main components of a home improvement refinance involves deciding which option to pursue. An easy way to differentiate the two is by the degree of construction. If you are renovating a kitchen, the kitchen remains a kitchen, but with repairs and updates. This can include new flooring, new cabinets, or replacing rotted wood in the structure. On the other hand, remodeling changes the functionality and design of an area, such as expanding a bathroom or reconfiguring a kitchen layout.

Cash Out Refinance for Home Improvement

Spire Financial offers cash out refinance options to pay off an existing mortgage and capitalize on your home equity. More importantly, cash out refinance can be used to help finance your home improvement project, increasing the total value of your home. Modernize your kitchen or bathroom to match current housing trends and increase the curb appeal of your home. It’s a cost that inherently increases the longevity of your investment.

How a Home Equity Line of Credit (HELOC) Helps

Refinance loans can be qualified through a HELOC, which involves a two-part process of a draw period and a repayment period. After the draw period ends, a borrower can no longer withdraw funds. The biggest benefit of a HELOC is that it enables homeowners to borrow based on their current home equity. It opens up the door for financial backing, as borrowers can acquire money as they need it, up to their limit, and with flexible repayment terms.

Refinance Loans to Finance Home Improvement

Spire Financial creates opportunities for all of our clients. Refinancing without the hassle of major lenders is what draws homeowners to our services. A renovation refinance can provide cash for a home remodel or renovation. Your home’s estimated value after the improvements will gauge the amount you are offered. Our team has experts who can prioritize the money-making opportunities available in home improvement. Consider the benefits of an upgrade in this real estate market and the professional service of Spire Financial.

Spire Financial brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.

Other Locations for Home Improvement Refinance



V.I.P. Mortgage, Inc. DBA Spire Financial does Business in Accordance with Federal Fair Lending Laws. NMLS ID 145502. For state specific licensing, visit V.I.P. Mortgage, Inc. is not acting on behalf of or at the direction of the FHA/HUD or the Federal Government. This product or service has not been approved or endorsed by any governmental agency, and this offer is not being made by any agency of the government. V.I.P. Mortgage, Inc. is approved to participate in FHA programs but the products and services performed by V.I.P. Mortgage, Inc. are not coming directly from HUD or FHA. Information, rates, and programs are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions may apply. This is not an offer to enter into an agreement. Not all customers will qualify.

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