Home Improvement Financing | GreenSky Loan Program

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Overview

GreenSky® helps you delight your customers and grow your business from day one with the most powerful tool you can possess: The ability to increase your customers’ buying power. But, that’s just the beginning.

You’ll close more deals with financing plans that meet all of your customers’ needs; from fixed rate installment loans with low payments to promotional plans that offer no payments and no interest if the total is paid during the promotional period. You’ll satisfy budget conscious and cash customers alike, even if the project is not at their primary residence. Presenting payment options and comparing plans for your customers is a breeze with the GreenSky mobile app.

You’ll close bigger deals because GreenSky offers credit limits up to $65,000. And whenever possible, applicants are approved for additional credit, to let you turn a “nice” project into an amazing, “we love it!” project.

Home Automation

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Home Improvement Loan Alternatives | NerdWallet

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If you financed your home a few years ago and your interest rate is higher than current market rates, a mortgage refinance could lower your rate — and your monthly payments. And that could free up cash for your dream renovation.

You might also consider a cash-out refinance to tap some of your home’s equity. Lenders will generally let you borrow enough to pay off your current mortgage and take out more cash, usually up to 80% of your home’s value.

Think carefully before you embark on this type of refinance, though: You’ll be using your home as collateral for a bigger loan, and you’ll be financing short-term costs with long-term debt, which adds interest and other fees to the price of the renovations. In most cases, a cash-out refinance is appropriate only if you’re improving your home in ways that will increase its value.

>> MORE: Refinance your mortgage

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