What about using an unsecured loan?

Print Article Print Article

The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid. However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan makes it popular for small projects costing $10,000 or less. The lender evaluates applications based on credit history and income.


© RISMedia 2010. All Rights Reserved -- Realtor Websites & Real Estate Marketing with 1ParkPlace.com