Making improvements to your home can be very exciting and beneficial to your long-term financial situation. Obtaining a secured home improvement loan is popular among many homeowners. A home improvement loan is always better than going with an unsecured loan. A home equity loan typically used the most and the most cost-effective. Here are a few of the benefits of a secured home improvement loan.


The most significant benefit of going with a secured home improvement loan is the low, fixed interest rate. An unsecured loan has a higher risk factor; therefore, you’re charged according to the level of risk. 

In most cases, you will pay a substantially higher rate of interest for an unsecured loan compared to a secured loan. Lower interest rates on a large amount mean more savings for you.


As a result of the lower interest rate, you will have a lower monthly payment. Most people in today’s world live on a tight monthly budget. When you are living paycheck to paycheck, you cannot afford a significant addition to that in the form of a large loan payment. Therefore, a secured home improvement loan could be what you need to stay within your budget.


When you obtain a secured home improvement loan, you have more options for what you can do with the money. You could add on a room, put in new cabinets, or install new hardwood flooring. Home renovations also add to the pride of ownership. Therefore, the flexibility that comes with a secured home improvement loan is the most desirable option for most homeowners.


When shopping for an unsecured home improvement loan, you may find your choices are limited. Not every lender offers unsecured loans, sometimes making it difficult to find one. With a secured home improvement loan, you can find several lenders that have a program available to suit your needs. If you have good credit and solid collateral, there should be no shortage of lenders to offer you a loan, giving you the power to get a great deal.


F1 Home Services proudly offers the services of GreenSky Financial to help make your dream become a reality.

Ask your design consultant about helping you complete an application with GreenSky as part of our commitment to provide you a full-service.

GreenSky ® and GreenSky Patient Solutions ® are loan program names for certain consumer credit plans extended by participating lenders to borrowers for the purchase of goods and/or services from participating merchants/providers. Participating lenders are federally insured, federal and state-chartered financial institutions providing credit without regard to age, race, color, religion, national origin, gender or familial status. GreenSky ® and GreenSky Patient Solutions ® are registered trademarks of GreenSky, LLC. GreenSky Servicing, LLC services the loans on behalf of participating lenders. NMLS #1416362

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