If you're ready to do some demolition and renovation, begin the process to apply for a home equity loan by answering a few questions. With a home equity loan, you have the ability to choose your repayment term and no annual fees. Plus, our home improvement loan rates are low, fixed interest rates, designed to make monthly payments more manageable. Contact a Citizens Bank Home Loan Originator for more information on home equity loans and rates today.
Before applying, be sure to check your credit history for inaccuracies, and if you find any, dispute them. You’ll want to make sure your credit is in tip top shape so you can get the best rate from lenders. If your credit score is subprime, consider a bad credit loan instead. It’s also important to get a few estimates prior to applying for a loan so you have an idea of how much money you need to get the job done.
It's been a few years since I painted anything in anger, but back when I did, there was a trick I'd use when protecting carpet. Round the edge of the carpet, right up against the baseboard, I'd run a 1 1/2 or 2 painter's tape, and let the tape stick slightly to the board. Then I'd go round with the broadest taping knife I had, and tuck the tape down hard. That left the carpet edge protected and rounded over and the tape was now creating a line along the baseboard *below* the level of the carpet. Then I'd sheet up as usual.That made it super easy to paint the baseboard, the bottom edge didn't need cutting in! Just work the pain in there! If the bottom edge was a little messy and uneven, who cared? Once the paint was thoroughly dry, the tape was lifted (carefully, to not pull the carpet off the gripper) and the carpet would bounce up and hide the bottom edge of the paint. A perfect look, quicker and safer than trying to cut in along a fuzzy carpet edge.
*Credit scores are based on information collected by credit bureaus and information reported each month by your creditors about the balances you owe and the timing of your payments. A credit score is a compilation of all this information converted into a number that helps a lender to determine the likelihood that you will repay the loan on schedule. The credit score is calculated by the credit bureau, not by the lender. Credit scores are calculated by comparing your credit history with millions of other consumers. 
A home equity loan lets you borrow a lump sum all at once, while a HELOC lets you draw on a line of credit as needed for a certain number of years, called the draw period. During the draw period, you only have to repay interest on the loan, which makes monthly payments quite small but can result in payment shock later when the draw period ends and the borrower has to start repaying principal too. In addition, a HELOC has a variable interest rate, while a home equity loan has a fixed interest rate. A HELOC’s initial rate may be lower than a home equity loan’s, but over time it can become higher if market conditions push interest rates up. (For more, see Choosing a Home Equity Loan or Line of Credit.)
Interest rates. The less interest you pay, the more loan you can afford. An adjustable-rate mortgage (ARM) is one way to lower that rate, at least temporarily. Because lenders aren't locked into a fixed rate for 30 years, ARMs start off with much lower rates. But the rates can change every 6, 12, or 24 months thereafter. Most have yearly caps on increases and a ceiling on how high the rate climbs. But if rates climb quickly, so will your payments. 
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