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What advantages does a Renovation Loan have compared to a 2nd mortgage?

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In the past, people often opted for a mortgage to finance a renovation. But nowadays, a loan is usually the cheapest and best option. A loan is cheaper because you do not pay notary, appraisal, closing and advice costs. In addition, you choose the term yourself, while a mortgage usually has a term of 30 years. In addition, it is faster to take out a loan. Taking out a mortgage takes at least 4 to 6 weeks. With a loan you have access to your credit within one week. A Renovation Loan means borrowing money cheaply, quickly and tailor-made.

Are you looking for a suitable loan, but are you not yet sure which loan is best for you? Use our loan wiser to find a suitable loan that is adjusted to your needs.


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