Pros and cons of private-mortgage loans – Here are the pros and cons regarding private mortgage loans: Pro. it is possible that you could sell or refinance the property fairly quickly, he says. Homes that need extensive renovations.

Use You Mortgage Renovations For Can – – With a renovation mortgage, you can get one home loan that. It is a good idea to set money aside for unplanned projects if you can afford to. In some cases, you may decide to use a credit card to fund your home renovations. Getting a credit card that has a 0%. You can use the money for repairs, remodeling, renovations or energy improvements.