financing options

the ardan difference

Take the Stress Out of Your Remodel

There are several ways to obtain financing for your project! First off, we do take personal check, cash, and all major credit cards. We have an easy to use online payment link located directly on our website.

Your options

Here are a few other ways to obtain the cash or capital needed to fund your remodel project:

Have you considered a Cash-out Refinance or a Home Equity Line of Credit (HELOC)?

We know several mortgage bankers right here in Scottsdale Arizona who would be happy to discuss these 2 options with you, and help you decide whether either of them is a good fit for you, and your project! What is the difference between the two? Is one more beneficial than the other? It all depends on your individual scenario, how long you have owned the home, how long you plan on staying, and many other factors!

Here are a few key differences.

Home Equity Line of Credit: If you have equity in your home, you more than likely will be able to get a home equity line of credit, sometimes called “HELOC” for short.  This usually has minimal closing costs and has a set interest rate for a period of time. It is almost like a credit card, but with a much lower interest rate and doesn’t have to be paid off each month. Many times you will have a set interest rate for 3-5 years.

Cash Out Refinance: Another option you have if you have equity in your home is a cash-out refinance. It essentially is a new loan that pays off the existing loan you have (if you have one) and puts the additional money in the increased value of your home in your pocket. Sometimes, depending on your current interest rate, and how long you have had the original loan, the monthly payment could either be the same and sometimes it may even be less than what you are paying right now! Make sure you ask your banker about the differences in interest rates, closing costs, and duration of the loan to see what makes the most sense for your scenario.

Ready to take the first step toward your home transformation?

Get started with a complimentary design consultation.

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Gain a better understanding of the cost and potential return on investment of your remodeling project before you hire a contractor.