Yes, a home improvement loan can be used to finance a home addition.
No, our home improvement loan requires a contract with a third party. The contractor can not be an owner of the property.
Another loan option may better suit your needs. In order to qualify for the home improvement loan, work could be required to cease for up to 30 days. If you are already in process, you may wish to consider a personal loan or home equity loan.
No, a home improvement loan can only be secured for the home improvement contract price. However, a home equity loan or personal loan might fit your needs for debt or debt consolidation.
