BUCKS COUNTY, CHESTER COUNTY, MONTGOMERY COUNTY, DELAWARE COUNTY, PA, AND SOUTH JERSEY
Financing Your Remodeling Project
Investing in your home is a meaningful decision, and financing is often part of that conversation. At Harth, we believe the financial side of a remodeling project should feel just as clear and comfortable as the design process.
That’s why we guide our clients through the financing process, helping them explore options and find the solution that works best for their goals, timeline, and budget. Whether you’re considering savings, home equity, or other lending solutions, our team helps you understand the possibilities so you can make confident decisions.
Loans Tailored to Your Renovation Budget with Renofi
We’ve partnered with RenoFi, leaders in home renovation financing, to offer a variety of options that fit your unique needs. RenoFi Loans use the After Renovation Value instead of the home’s current value, giving you the most borrowing power at the lowest rates available.
We encourage you to schedule a free consultation with RenoFi to learn more about financing solutions available for your renovation.
Ways to Pay for Your Home Remodel
Use cash from savings or sell investments
Tap into your savings or sell off stocks or other investments to fund your remodel directly. This option avoids debt and interest but requires having substantial liquid assets.
Take out a Renofi loan
Renofi, a lending platform backed by credit unions, allows you to borrow up to 90% of the after-renovation value of your home with a second position mortgage. This option provides a substantial budget for your remodel and can cover most, if not all, of the costs and leave your existing mortgage alone.
Open a home equity line of credit (HELOC)
A HELOC lets you borrow against the equity in your home. It’s flexible, allowing you to access funds as needed and pay interest only on what you borrow. However, it is based on the current value of your unimproved home and has a floating interest rate.
Ask your parents or a family member for assistance
Family members, especially parents, can be a great resource. They can annually gift you up to $18,000 tax-free, or $36,000 if you’re married, which can go a long way toward funding your remodel.
Refinance your mortgage
In a low interest rate environment, refinancing your mortgage might lower your interest rate and allow you to take out extra funds for your remodel. However, most likely this is not a viable option with current interest rates, as you may be walking away from a very low first mortgage interest rate. It’s also based on the current value of your home.
Take out a construction loan
A construction loan is financing that covers home renovation costs. Once construction is complete, you can convert the loan and combine it with your existing mortgage by refinancing. Not all banks do this, so ask us for referrals of those that do it well.
Borrow against your investments
If you have a whole life insurance policy or other substantial investments, you can borrow against them—often tax-free in the case of life insurance. This can be a low-cost option if you have significant assets.
Finances are an Open Conversation
Throughout our process, we keep the topic present and transparent—reviewing budgets, discussing options, and ensuring there are no surprises along the way. Our goal is to create a remodeling experience where you feel informed, comfortable, and supported during every step.
With Harth, financing isn’t just about funding a project—it’s about building a plan that allows you to invest in your home with clarity and confidence.
Schedule an initial consultation with Harth today by calling or texting 215-654-0364, or completing our contact form.