3 Ways to Finance Your Home Improvement Project

Exterior home remodeling services aren’t cheap. However, there comes a time when giving your home a facelift becomes a necessity or a long-overdue dream. Figuring out how to pay for renovations can sometimes be paralyzing for homeowners. But you should note that there are different ways you can finance and realize your home improvement goals.


Timberland Exteriors™ discusses some of the most common ways homeowners finance their home improvement projects.

Home Equity Loan

Home equity loans are often considered because of the fixed interest rates and fixed repayment terms they come with. With this type of loan, there are no surprises for borrowers since monthly payments are fixed. It also allows you to borrow a lump sum of money with the value of your home as collateral. However, take note that you can only borrow up to 85% of the value of your home.

Home Equity Line of Credit

A home equity line of credit, or HELOC, works in a similar way as a credit card. It gives you a line of credit that you can borrow against and you only need to repay the amount you actually use. The downside of this is that your payments will tend to fluctuate since these are based on how much you borrow.


A HELOC will also use your home as collateral. Moreover, it has an initial draw period that typically lasts 10 years, after which you’ll have to move into a repayment period. At this point, you can no longer borrow money. If you’re going with this type of loan, talk to your home improvement contractor and plan a timeline for the different projects you want to do.

Personal Loan

Personal loans are a popular option for homeowners too. They have fixed interest rates, fixed repayment periods, and fixed monthly payments — much like home equity loans. Another advantage of this type of loan is that it doesn’t require any collateral. If you fail to repay, your home would be safe. However, this could negatively affect your credit score.


Timberland Exteriors™ is not your average general construction company. We provide first-rate services to our clients regardless of the kind of job we have to handle. And with our financing options, you can better focus on transforming your home without worrying about how to pay for it.


To know more about our financing options, call us at (952) 373-5145 or fill out our contact form. We serve customers in Minneapolis, MN, and nearby areas.

Schedule Your

Free Estimate

Contact Us

Convenient Financing Options

We Make Quality Exterior Remodeling Affordable

Two men are working on the roof of a house.
April 30, 2025
A roof is one of the most essential parts of your home. It keeps you protected from the elements and plays a critical role in the overall integrity of your house.
A group of people are standing in front of a house under construction.
May 8, 2024
Preparing your home for a roof installation is a crucial step to ensure that the process goes as smoothly as possible. Taking the time to get your home ready can significantly impact the efficiency and success of your roofing project.
A person is opening a window with a white handle.
April 26, 2024
In today’s environment-conscious market, energy-efficient windows have become a core component of home improvement projects, particularly in areas known for their harsh climates, such as Maplewood, MN.
A large white house with a black roof and red shutters
April 22, 2024
As the remnants of winter melt away and the first blooms of spring start gracing us in Maplewood, MN, it’s a signal for many homeowners to start contemplating home improvement projects that were put on hold during the colder months.
A blue house with white trim and a window
April 19, 2024
In the picturesque landscapes of Maplewood, MN, a home’s exterior is the visual handshake it extends to the neighborhood. Maintaining and enhancing the curb appeal of your property is crucial, not only for fostering a sense of pride but also for augmenting the value of your home.
Roof replacement
April 15, 2024
For homeowners in Maplewood, MN, and the surrounding areas, making decisions about roofing can be daunting. There’s a widespread practice known as a “roof-over,” where a new layer of shingles is installed over the existing one, which might seem cost-effective at first glance.
A large house with a large lawn and patio area in front of it.
March 29, 2024
One aspect that homeowners often overlook when tackling a siding installation or any home improvement project is the importance of a local contractor’s expertise.
An aerial view of a large house with a gray roof and blue shutters.
March 27, 2024
When embarking on a roofing project, the array of terminology used by professionals can sometimes be daunting. Understanding these terms is not just about making informed decisions for your home’s exterior but also about communicating effectively with your contractors.
A large house with a lush green lawn in front of it.
March 25, 2024
In the world of home improvement and design, a feature window isn’t just an opening in the wall; it’s a statement piece that transforms the aesthetics and functionality of your living spaces.
Show More