At GoalLine Real Estate, we believe in empowering homeowners with knowledge. If you’re recovering from storm damage or just want to make smart upgrades during the rebuilding process, here are some powerful financing options to consider:
🛠️ Renovation Loan
A renovation loan is designed to help homeowners cover the cost of repairs or upgrades. This loan can often be bundled with your existing mortgage or used to finance a new purchase—making it an excellent choice if you’re looking to rebuild and add value to your property at the same time.
🏡 FHA 203(k) Loan
This government-backed loan is a favorite for disaster recovery. It allows you to finance both the purchase or refinance of a home and the cost of necessary repairs in a single mortgage. Whether you’re planning to buy a fixer-upper or renovate your current home after storm damage, the 203(k) loan offers flexibility and financial relief.
💸 HELOC (Home Equity Line of Credit)
A HELOC lets you borrow against the equity you’ve already built in your home. It works like a credit line, giving you access to funds as needed. This is a great option for ongoing or phased projects, where repair costs might change over time.
🔁 Cash-Out Refinance
With a cash-out refinance, you replace your current mortgage with a new one—usually with a different interest rate—and take out the difference in cash. This option works well if you have significant equity and want to use that cash for major repairs, upgrades, or restoration work.
Which One is Right for You?
Each financing option comes with its own pros and cons, and the right fit will depend on your unique situation, equity, credit, and long-term goals. Whether you’re staying in your home or preparing to sell, there’s a path forward—and we’re here to help you find it.
From guiding you through the loan process to connecting you with trusted local contractors, GoalLine Real Estate is your partner in rebuilding smarter and stronger.