Financing Options for Your Remodel
A number like $300,000 shouldn’t be the reason a remodel you’ve wanted for years never happens. There’s more than one way to fund your project, and part of our job is helping you understand what’s actually available.
Paying For Your Project Directly
Simple, Flexible Payment
We accept personal checks, cash, and all major credit cards, along with an easy online payment link right on our website, so submitting a payment never becomes its own separate headache.
Financing Your Remodel
Ways to Fund a Larger Project
If you’re financing rather than paying out of pocket, two of the most common options homeowners consider are a Home Equity Line of Credit (HELOC) and a Cash-Out Refinance. Which one makes sense depends on your specific situation: how long you’ve owned your home, how long you plan to stay, and your current loan terms.
We work with several mortgage bankers right here in Scottsdale who are glad to walk you through these options in detail and help you figure out which one actually fits your project and your finances.
Home Equity Line of Credit (HELOC)
If you have equity in your home, you can likely qualify for a HELOC. It typically comes with minimal closing costs and a set interest rate for a fixed period, often three to five years. Think of it like a credit card with a much lower interest rate: you draw what you need, and you’re not required to pay it off in full each month.
Cash-Out Refinance
A cash-out refinance replaces your existing home loan with a new one, and puts the difference from your home’s increased value into your pocket to fund your remodel. Depending on your current interest rate and how long you’ve had your original loan, your new monthly payment could end up similar to what you’re paying now, sometimes even lower.
A note on financing decisions:
We’re not mortgage lenders, and we’re not offering financial advice here. A local mortgage banker can walk you through the real numbers on interest rates, closing costs, and loan duration for your specific situation, so you can make the choice that actually makes sense for you.
Ready To Talk About Your Project?
Let's Talk Numbers Together
Whether you’re paying directly or exploring financing, let’s talk about what your project actually costs and how to make it happen.
Frequently Asked Questions
Do I need to have my financing figured out before I contact ArDan?
No. Many homeowners start the conversation with us before they’ve settled on how they’ll fund the project. We can talk through your goals first, and point you toward a local mortgage banker if you want help exploring HELOC or cash-out refinance options.
What's the difference between a HELOC and a cash-out refinance?
A HELOC is a line of credit against your home’s equity, usually with a set interest rate for a few years and flexible draws. A cash-out refinance replaces your existing mortgage entirely and gives you the difference in cash. The right choice depends on your current loan, how long you’ve owned your home, and how long you plan to stay.
Does ArDan offer in-house financing?
We don’t provide financing directly, but we work with local Scottsdale mortgage bankers who can walk you through HELOC and cash-out refinance options specific to your situation.
How do I pay ArDan directly for my project?
We accept personal checks, cash, and all major credit cards, along with a simple online payment link available on our website.
