No problem! Your contractor will only request funding as necessary to complete the project, and you will only be responsible for advances that have actually been disbursed to your contractor to pay for the project. If the project does not require the full amount of the loan you were approved for, you won’t owe anything for the unused loan amount.
Articles in this section
- [Customer Only] What types of plans/rates does Upgrade Home Improvement offer?
- [Customer Only] Is collateral required to get a Home Improvement Loan?
- [Customer Only] Do I have to be the owner of the property in order to use Upgrade Home Improvement?
- [Customer Only] Can I use a cosigner if I don’t qualify for the Home Improvement Loan?
- [Customer Only] What if I’m unsatisfied with the end result of my contractor’s home improvement project?
- [Customer Only] When is my first payment due for my Home Improvement Loan?
- [Customer Only] Are the Home Improvement Loan rates fixed or variable?
- [Customer Only] What if I end up not using the full amount of the Home Improvement Loan that I was approved for?
- [Customer Only] After my Home Improvement Loan is approved, what am I supposed to do?
- [Customer Only] Am I able to apply for additional funding if more is required to complete my home improvement project?