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You may also do a cash-out refinance, which swaps your current mortgage with a brand new, larger mortgage; you use the extra funds to make renovations. Refinancing comes with closing costs and may stretch out the size of your reimbursement interval, but when you will get a low rate of interest, it could be one of the cheaper options. You can get hold of a house fairness line of credit score , which is a revolving line of credit score — something akin to a giant credit card. Because HELOCs are secured…