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Enterprise Layer Intelligence
Categories/General Productivity Software/Cottage
Cottage

Cottage

Founded by Alex Czarnecki & David Chanin in 2018

Borrow money for home renovations based on future property value

You can use RenoFi to secure renovation loans based on the future appraised value of your home rather than its current equity. The service connects you with partner lenders and credit unions to offer specialized renovation home equity loans, lines of credit, and personal loans. Homeowners can calculate borrowing limits, model monthly payments, and work with loan advisors to navigate the financing process without needing to refinance their existing mortgage or lose their current interest rates.

What Cottage does

Calculate estimated maximum borrowing capacity based on post-renovation valueEstimate monthly loan payments across fixed and variable ratesUpload project documentation for renovation underwritingConsult with loan advisors on suitable financing structuresCompare standard home equity credit lines against renovation HELOC optionsApply for renovation financing while retaining current mortgage ratesUnderwriting based on after-renovation value rather than existing equityAccess to borrowing amounts up to 90% of future property valueAbility to keep existing primary mortgages without cash-out refinancingRenovation HELOC options with borrowing limits up to $750,000Direct advisory assistance throughout the loan qualification processInteractive loan payment and borrowing capacity calculatorFixed and variable interest rate loan options

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RenoFi, Cottage, renovation loans, home equity loans, HELOC, after renovation value, home improvement financing, home remodeling loans, credit unions, property value calculator