Today we’re going ​to ​talk ​about ​a ​recent ​conversation ​Tim ​had ​with ​a ​client ​who ​was ​looking ​to ​borrow ​some ​money ​for ​a ​home ​renovation ​project. ​There ​were ​a ​couple ​of ​options ​ available ​to ​them, ​some ​of ​them ​pretty ​simple ​and ​some ​a ​little ​bit ​more ​in-depth. ​

Tim ​was ​surprised ​to ​learn ​that ​some ​of ​these ​things ​weren't ​as ​well-known ​as ​he ​thought ​they ​were so ​we wanted to ​share ​some ​of ​that ​information ​on ​the ​show ​to ​maybe ​get ​you ​thinking ​about ​some ​options ​that ​are available to you.

Here’s what you’ll learn in this episode:

🏠 Margin Loans for Renovation

· Borrow against your investment portfolio without liquidating assets

· Avoid taxes and penalties that come with selling investments

💳 Securities-Backed Loans

· Lower interest rates compared to margin loans

· Use funds for non-investment purposes with less paperwork

💸 Traditional Financing Options

· Personal loans, HELOCs, and cash-out refinancing

· Understand the pros and cons of each choice and their impact on your financial future

🔍 Strategic Financial Planning

· How to assess your goals and plan for repayment

· Make informed decisions based on your financial situation

We hope this episode provides essential tips on leveraging financing options to fund your renovation projects but reach out if you want to discuss what’s best for you.

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Website: https://www.dyerwealthmanagement.com/

Phone: 858-459-3937

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