Home >> Financing
When you go to seek financing for your project, the two most important pieces of information necessary are the appraisal and the credit report. Both of the above mentioned financing options require fairly good credit. You can check your own credit by going to www.myfico.com on the internet. When you check your own report, the credit bureaus do not count the inquiry against you. Check your credit report carefully and make sure everything on it is correct.
The appraisal is completed value of your home, i.e., after the renovation is complete. You will need to provide your appraiser with a set of plans for the renovation as well as a copy of the price agreement you have with your contractor.