Simply like a HELOC or home equity loan, you can refinance for approximately 80% of the equity in your house. Lower interest rates than individual loans, HELOCs, or home equity loansFunds can be utilized on-demandRequires house equityComes with closing costs that are 2% to 5% of the overall loan amountCredit cards use an easy path to rehab funding just purchase what you require on existing charge account rather than looking for brand-new loans or home loans.It does pose the risk of maxing out your cards and leaving no space for other purchases. No requirement to request new loansSome credit cards offer introduction 0% APR offers for 12 to 15 monthsHigher interest rates than HELOCs, personal loans, or home loan refinancingCould leave you with no room for other purchasesOne federal government loan is the FHA 203( k) loan, which lets you borrow both the cost of a fixer-upper and essential restorations, then separates the restoration funds into an escrow represent paying contractors directly.