This article was originally published on ETFTrends.com.
By Brian Lesko, All Things Finance
If you are a homeowner or thinking about becoming one, then there may be some major projects or renovations that you’d like to do. These could be expensive such as a kitchen or bathroom remodel or an addition. If you are planning on financing such an endeavor, then one of the more common things to do is to pull equity out of your house in the form of a loan or refinance and then use the funds for your project.
But what if you don’t have enough equity in your home to do this? Or, what if you simply don’t want to tap your home’s equity? Thankfully, you have a few options. Let’s look at a few of the most common.
Unsecured Personal Loans
An unsecured loan is a loan that is not backed by any collateral