Much like a HELOC or home equity loan, you can refinance for approximately 80% of the equity in your house. Lower rates of interest 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 total loan amountCredit cards offer an easy path to rehab funding merely purchase what you require on existing credit accounts instead of applying for new loans or home loans.It does position the danger of maxing out your cards and leaving no space for other purchases. No need to use for new loansSome charge card provide intro 0% APR offers for 12 to 15 monthsHigher rate of interest than HELOCs, personal loans, or home loan refinancingCould leave you with no room for other purchasesOne government loan is the FHA 203( k) loan, which lets you borrow both the cost of a fixer-upper and necessary restorations, then separates the renovation funds into an escrow represent paying professionals straight.