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Anonymous

01 Apr 2022

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Renovation loan or use savings? I have enough savings and should have about 3 months worth left if I don't take loan.

My renovation is about $40k+ and I have enough for the renovation and wedding.

Should I consider taking a small renovation loan ($10-20k) to spread the payment over 2-3 years and invest the extra money instead?

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Cryotosensei

23d ago

Blogger at diaperfinancingfund.blogspot.com

I would just use my savings if i were you. i mean, how much money can you earn from investing $10-20k over 2-3yrs? peace of mind is also important

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YOC

02 Mar 2023

Unless you are getting a good deal on the reno loan interest... otherwise may be better to not use reno loan

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Mei Fong

29 May 2022

Reno loan interest quite high....i cant find any good reason to use reno loan. unless you prefer to ...

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