Refinancing your assets to renovate a property is a significant decision that will hopefully improve your standard of living or add substantial value to your property. Refinancing isn’t as straightforward as you might expect. The type of renovation proposed goes a long way to dictating the loan required. If the wrong loan is chosen, you could be left with a pile of unexpected debt. Know your budget Before considering refinancing, you need to have a clear idea of your budget. If you underestimate your budget, you run the risk of getting knocked back from your lender. There are a lot of homeowners who have estimated a budget of say $100,000 to do renovations, only to discover it will cost a lot more. This means
