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Just like a traditional loan, you can leverage a special type of renovation loan to pay a low interest rate and tap into 75 percent of the home price plus renovation costs or the as-completed appraised value. You can pull out up to 97% of LTV (loan to value) with certain eligibility requirements.
Co-investing helps you free up cash by tapping into your home’s equity. And it’s done without any of the downsides associated with traditional lenders.
Cash out amount: up to 17.5% or $500k
Interest / Fees: None
Loan Type: Equity based