Arab Bank Home Improvement Loan

Are you interested in getting home improvement loan from an Arab Bank? This is possible with Arab Bank- Palestine. The bank offers resident homeowners and expatriates loans to improve their dwellings. You can access application eligibility and other information from the website of the bank or from any of its branches.


What are the unique features of Arab Bank Home improvement loan?


The financing you obtain from Arab Bank can be up to 50% of the worth of your home. This loan helps you to make the most your house's value. You can apply the loan for internal maintenance, redecoration, and debt consolidation.


Other specific features of Arab Bank's home improvement loan are: interest rates that are highly competitive, flexible loan repayment plans or tenure of up to 15 years, financing or loan value of up to USD140, 000, and speedy loan processing. In addition to the above, you can just as well receive a gift voucher for electrical appliances worth USD1000.


Eligibility for Arab Bank Home improvement loan include mandatory provision of the following documents -


* Original copy of valid ID
* Salary slip
* Salary Transfer letter
* Property Registration Certificate
* Ownership Certificate of the financed Property
* 2 Property evaluations/appraisals
* Original copy of passport for expatriates including a valid residency document.


You can apply for your home improvement loan from this Palestine Bank with ease. Contact www.arabbank.ps to apply

Important Questions You Must Be Ready To Answer On Home Improvement Loans

Questions are the Answers

When you decide on going for home improvement loans then you would want to find a suitable lender. Irrespective of the lender you choose, there are questions you must be ready to provide answers for so as to access funds for the improvements you want to carry out. In this article, highlights of common questions that home improvement loans lenders ask are provided.


Understanding these questions can help perk up your chances to get home improvement loans. These questions include:


- For how long have you been the homeowner?
- What is your intention of wanting to improve your home?
- Do you intend selling the home after the improvements?
- Are you considering or do you already have provisions for energy efficient in the period of renovations?
- How do you intend to carry out the repairs, in one step or stages?
- What is the value of mortgage on the home, if any?
- Do you owe any amount on your mortgage?
- What is the total cost of the improvements you want to carry out?
- Have you done appraisal on the home and when was the last time it was done?
- Do you have another debt you intend consolidating with the home improvement loan?
- Is there any of the repairs t that would be tax deductible?


These and other questions are asked by approved lenders. However you must note that the above questions do not comprise all the questions to expect. Individual lenders may request for specific information concerning the loan you want. In most cases, eligibility guidelines for home improvement loan approvals demands that you answer the questions.


So, be prepared to provide answers to such questions as highlighted above. Accurate answers can speed up home improvement loans approval for you.

Home Improvement Loan - Streamlined 203k Program Limited Repair Program

Are you a homeowner that wants to get additional financing for your home improvements or repairs? Or, do you intend to get more funds to make repairs or improvements? If your answer to the above queries is yes then you need to read this article consciously. It provides hints about the FHA's Streamlined insured Mortgage Program. It is a home improvement loan program.


The Federal Housing Administration (FHA) offers homeowners the "Streamlined 203k" Limited Repair Program to finance their homes with additional funds of up to about $35,000. The funding can, specifically, be used to make purchase, repair, or improve their homes even before they move in. You too can take advantage of this home improvement loan to get cash to pay for property improvements.


The streamlined 203K mortgage home improvement loan can be originated by any FHA approved lender. This is rather different from what obtains in a Standard 203k Program. Hence, the program has additional features unlike the standard program.


An FHA appraiser or inspector identifies the kind of repairs or improvements that you can tap into. The following are a number of the repairs that qualifies for this program.

- Minor remodeling for kitchens that excludes structural improvements.
- Interior and exterior paintings
- Repairs for disabled individuals
- Repairs for exterior decks patios and porches
- Basement waterproofing.
- Purchase and installations of home appliances such as microwaves, dishwashers, free-standing ranges, refrigerators etc.
- Septic system replacements or repairs


The list is inexhaustible. More information concerning the Streamlined 203k Limited Repair Program or any other federal home improvement loan program can be accessed from the website of FHA. You can as well get information about eligibility requirements from this site.