Basement Financing: 5 Ways to Pay for Finishing Your Basement

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Cost of Renovating or Finishing Your Basement
Financing Options for Finishing Your Basement
1. FHA 203(k) Loans
2. HELOC
3. Financing From Contractors
4. Home Equity Loans
5. Personal Loans
Factors to Consider When Comparing Basement Financing Options
APR
Origination fees Appraisal fees Processing fees Underwriting fees
Payment Options
Fees
Term Length
Exploring Personal Loan Options
Frequently Asked Questions
LCPL0522009
About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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