zpcsc Posted December 10, 2024 Share Posted December 10, 2024 Hello, we need to renovate my mom-in-laws home but she's unable to get a HELOC because there is no insurance on the property (the cost for insurance is outrageous)! We are looking into a Personal Loan, any suggestions on who has the better rates and terms? Or any other suggestion on what type of loan? The loan will be under our names since she's elderly and no income. All suggestions greatly appreciated. Thank you. Quote Link to comment Share on other sites More sharing options...
liverichly Posted December 10, 2024 Share Posted December 10, 2024 I'd check out AMEX or Discover, they both offer personal loans. I'd avoid financing the renovations with credit cards. Do you own real estate and are you willing to take out a HELOC on your property to finance the renovations for your MIL's home? Quote Link to comment Share on other sites More sharing options...
zpcsc Posted December 10, 2024 Author Share Posted December 10, 2024 24 minutes ago, liverichly said: I'd check out AMEX or Discover, they both offer personal loans. I'd avoid financing the renovations with credit cards. Do you own real estate and are you willing to take out a HELOC on your property to finance the renovations for your MIL's home? Thanks for the reply. I did check Discover and now that you mentioned it, I will check with Amex. We do not want to take a HELOC against our own properties. liverichly 1 Quote Link to comment Share on other sites More sharing options...
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