Summer Home Improvement Tips From The Home Loan Expert

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LawnmowerIt’s hot out right now.

I know, major news update. It’s ridiculously hot across the Midwest right now. The kind of heat that keeps you indoors all day and makes you reluctant to do any work around your house. But it comes with a bonus. You can take a minute and really, REALLY look at what your home needs to really SHINE.

Do you want to put in a new deck? Do you need a shed? Could you use a new patio or fence?

If you look at your current situation and think to yourself, “Yes, yes it does,” then you should call The Home Loan Expert, Ryan Kelley. A Cash-Out Refinance can help you take cash out of your home and let you improve your home in a variety of ways. If you’re a do-it-yourselfer, you can use a Cash-Out Refi to buy materials. You can hire a crew. Whatever you’re comfortable with. Start planning now, and you’ll be ready for when the weather turns to hire and plan your project. Apply ahead of time for your mortgage and find out how much you can pull out of your home. That way you can set your budget.

When planning your budget, remember – nothing costs what you think it will. Home improvement projects, no matter how well-planned, can balloon after the initial planning phases. Make sure you don’t start right up against your budget.

Don’t forget to leave some budget room for these type of SNAFU’s:

  • The project outgrows your original plan. If you have to tear down walls, you could have a bigger project than you planned on if any of the walls you want to remove are load-bearing. If you’re going to knock down walls, hire an architect or professional to examine the home before you start.  Don’t ruin your home with lack of planning.
  • You find poorly done previous work. Not everyone is cut out for DIY projects.  You can find anything from poorly poured concrete to jury-rigged wiring in your walls and home.  While this can help you in the long run making your home safer and more valuable, it can stretch your home improvement budget to fix these other mistakes.
  • You bought appliances that don’t fit the home. When you buy a fridge or sink or bathtub, there are factors to consider.  Does it fit in the space provided?  Will it work with your current plumbing/wiring/gas setup?  If you don’t take these into consideration, you could end up with more work and expense than you planned on just to make the new appliances work.
  • Right now, with mortgage rates at all-time lows, it’s the time to refinance your home.

Get Started

When you’re ready to do some home improvements, don’t blow your savings or run up your credit cards.  With a cash out refinance from The Home Loan Expert, Ryan Kelley, you can use the equity you’ve built in the home to improve the value of your house!  Take advantage of lower mortgage rates to refinance and save money. Call us in St. Louis at (314) 781-9700, Chicago at (773) 770-6438, or Indianapolis at (317) 550-1515. You can always apply online at, and we’re also open on Saturdays to better serve you. Don’t forget to follow@TheHomeLoanEx on Twitter for breaking mortgage news and knowledge.  Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?