Spring is finally upon us, which means many homeowners are beginning to prepare their house for the peak selling season or looking to redo their current space so it feels like new. Remodeling is a great way to refresh an older space, add value to your home, and help you sell faster. However, if you decide to remodel last-minute, it can be hard to come up with the cash to make it happen. Luckily, DEXSTA, your local Delaware credit union, offers a personal loan that can help you remodel without having to refinance your mortgage or take equity out of your home.

The Benefits of Remodeling With a Personal Loan 

Remodeling costs have skyrocketed, particularly during COVID when shortages are abundant and supply chains are strained. Some estimates are putting costs up 50% higher than before the pandemic hit. As a result, some homeowners choose to refinance their mortgage or take out a home equity loan to cover these extra expenses. Unfortunately, these options lock you into long repayment terms and require high-value collateral. Others choose to take use existing credit cards to take on debt with the hope that they’ll recoup the cost when they sell. But credit cards have high APRs and can come with expensive fees. 

On the other hand, personal loans are versatile loans, and usually unsecured, meaning you won’t have to put your home or car up as collateral. These loans also offer shorter repayment terms and have reasonable interest rates. While personal loans have significant penalties for missed payments, they can be an excellent option for homeowners looking to spread out payments for renovations while still completing the project on time. 

About DEXSTA Federal Credit Union’s Personal Loan Options

As your local Delaware credit union, DEXSTA offers personal loans for all kinds of expenses, including remodeling. We support loans as little as $500 or as big as $50,000 with flexible repayment terms ranging from 12-72 months. In addition, our loans are simple interest with no extra fees. 

One of the most significant benefits of choosing a personal loan through DEXSTA is that our loans are processed in-house. That means approvals are fast, so you get access to funds right away. 

Apply for a Personal Loan from DEXSTA Now

Remodeling is stressful enough on its own. Let DEXSTA Personal loans alleviate the financial stress, so you can focus on creating the perfect space. Learn more about our loan rates, and apply for a personal loan online today.