- Shop around: Compare interest rates from multiple lenders before choosing a loan.
- Improve your credit score: A higher credit score will qualify you for a lower interest rate.
- Reduce your debt-to-income ratio: A lower debt-to-income ratio will also qualify you for a lower interest rate.
- Get a co-signer: If you have a good credit score but a high debt-to-income ratio, you may be able to get a co-signer to improve your chances of getting a loan with a lower interest rate.
By following these tips, you can increase your chances of getting the best possible interest rate on your home improvement loan.
FAQ
What is the maximum amount I can borrow with a home improvement loan?
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