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Updated about 9 years ago on . Most recent reply

User Stats

60
Posts
16
Votes
Sharee Mason
  • Realtor
  • Summerville, SC
16
Votes |
60
Posts

small loan options

Sharee Mason
  • Realtor
  • Summerville, SC
Posted

I am wanting to take out a $6000 loan to remodel the master bathroom in a property I have for sale.  Potential buyers are turned off that the master bathroom doesn't have a shower.  My father is a contractor and will remodel it for a good price, but I need to come up with the money to pay him in a timely manner.  Any suggestions on where to get a loan this size for a low interest rate?  I've called a number of banks and the lowest rate I'm finding is 7.99%.  I'd really like a lower rate as I intend to pay it off as soon as the house sells, which hopefully will be in the next few months.

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