Finance Your Bathroom Redesign Project

If you're planning a bathroom redesign project, you'll need to secure financing. Here are a few of your options.
Self-build mortgages. This type of loan is typically used when constructing a new house, but it can also be used to make extensive improvements to an older one.
Home equity loans. These loans often have very reasonable terms-especially if you can lock in a low fixed rate-but if you can't pay the loan back for any reason, your house may be at risk.
Mortgage refinancing. When you refinance your mortgage, you replace your existing home loan with a larger one and apply the extra money toward your redesign project.
203(k) mortgages. An FHA-insured 203(k) loan allows you to add the costs of your redesign project into refinancing of an existing mortgage.
Energy-efficient mortgages. These mortgages factor your house's level of energy efficiency into the value of the home, allowing you to qualify for more money than you would otherwise if your home is efficient.
Personal loans. With a personal loan, you typically get a smaller amount of cash under a quicker repayment schedule, with a higher interest rate than you'd normally get with a loan that uses your house as collateral.
Redesign projects often don't go as planned. With all the surprises you're in store for, the last thing you'll want is a surprise in your financing plan. Take your time in researching your options, and you should be able to secure financing for any size bathroom redesign project.