Home Remodeling Services

Financing Options

Finding the money for home improvement projects has gotten more difficult in recent years. Fortunately; Elite Remodeling Group is available to help you finance your remodeling plan!

Financing Plans

The future starts now

At Elite Remodeling Group, we help homeowners secure funding through the Property Assessed Clean Energy (PACE) program as well as Renovate America, which offers financing through HERO and Benji.

Options Explained

Cash

Do you earn cash daily? Good news. You can have a piggy bank or a safe deposit box where you drop some spare cash. Those who said little drops of water make a mighty ocean couldn’t have been more correct. Before you know it, you have enough money to give us a call at Elite Remodeling Group, and voila! You’re off to a home remodeling project.

Home Loan Programs

Home remodeling isn’t restricted to room additions and painting. It also involves the installation of energy efficient windows and doors, and Elite Remodeling Group is just what you need in that regard. The good thing is that the government is also interested in you completing this sort of project. Energy efficient bulbs, doors, and windows can be installed on tax credits provided by the government

Mortgage Refinancing

This actually depends on how much you owe at the moment in mortgage. For example, if your home costs $120,000 and you’re to complete about $40,000. Let’s now assume that $12,000 is needed to complete a home remodeling project, you will be provided with a lump sum of $12,000 to complete the project. And then the debt remaining becomes $52,000. Simple, right?

Equity Line of Credit

This is available to homeowners who prefer to take out a home equity loan. An active line of credit with a cap will be provided and this will afford you the opportunity to get funds at intervals. If you plan to extend your project over a span of months, this funding style will suit you well.

HERO & Benji

Home improvement financing

Renovate America offers two consumer financing options for home improvements: HERO financing and Benji financing. 

Eligibility for HERO is based on factors including your home equity, household income, debt obligations, and the products you want to finance. These criteria may vary by jurisdiction. Residential properties with up to four units may be eligible. HERO is secured by your home and allows you to repay through your property taxes.

Benji eligibility is primarily based on your credit score. Which home improvements are eligible: Nearly every type of home improvement project can be financed using Benji, and only energy-efficient, water-efficient or hurricane protection projects may qualify for the HERO program. Benji financing is paid back in traditional monthly payments.

PACE

Efficient and Environmentally Friendly

Property Assessed Clean Energy (PACE) enables low-cost, long-term financing for a variety of energy efficiency, renewable energy, water conservation, storm protection and seismic improvements. PACE financing is repaid as a special assessment/tax on the property’s regular property tax bill and is processed the same way as other local public benefit assessments (sidewalks, sewers) have been for decades.

Depending on where you live, PACE financing can be used for improvements on commercial, residential, nonprofit, light industrial and agricultural properties. PACE is lowering utility bills for homeowners, creating jobs and helping local governments achieve important environmental goals.

With PACE, property owners can get 100% financing based on available equity in their property and ability to pay, among other factors. The amount financed, plus interest and any applicable fees, is then added to your property taxes and paid over time – on your annual or semi-annual property tax bill, or via escrow as part of your monthly mortgage payment. PACE financing is secured with a continuing lien on your property.