What's the Best Way to Pay for Basement or Foundation Repairs?

Basement and foundation issues usually get worse and more expensive with time, so it’s best to repair them sooner rather than later.

Don’t let a small budget stop you! There are multiple ways to handle the cost of these critical home renovations without stressing your family’s budget or using cash reserves. According to a popular personal finance website, home improvement projects can be financed using the equity in your home or with nonequity options such as personal loans and credit cards. There are advantages and disadvantages to each method, so it pays to be informed before you sign on the dotted line.

For many customers, a personal loan through one of Ayers’ reputable partners is the best route for projects of $1,000 or more. These loans:

-    Provide convenient monthly payment options that make it easy to budget for
-    Aren’t secured with your home
-    Use a simple, fast, and secure online application
-    Are funded quickly – no time-consuming underwriting and appraisal processes
-    Offer free online account management
-    Do away with hidden fees, closing costs, and pre-payment penalties

Interest rates vary based on your financial credentials, like your credit score and income, and are usually lower than most credit cards. The best rates are given to borrowers with good or excellent credit.

Don’t wait to fix your home’s wet basement, sagging floors, or cracked or leaning foundation walls. Our experts can recommend a permanent solution, help you find the right financing, and give your family a safer, more comfortable home.