Remodel Cost Estimator
Estimate the cost of your home remodeling project & see how much value it will add
Find a Loan
Find just the right loan for your needs
My Dashboard
Manage your renovation project and your home
Back
Top projects
Welcome to KUKUN
Reset your password
Password updated successfully
Forgot your password?
No Account exits for .Maybe signuped using a different or incorrect e-mail address.
Enter Your Email to Receive Password Reset Link
Find out if Fixed-Rate Mortgage Loan is the right loan for you
What kind of property do you have?
Fixed-Rate Mortgage Loans
Fixed-rate mortgages have interest rates that are fixed, and do not change over the life of the loan. Since the interest rate is fixed, the monthly principal and interest payment is the same each month, and the loan pays off in full by the end of the term. The most common loan terms (length of loan) are for 15, 20 or 30 years long.
A “conventional” fixed-rate mortgage means any commonly available fixed-rate mortgage that is not issued or guaranteed by the federal government.
Home Renovation projects can be financed and provide a great return on your investment. Not only you could be adding equity to your home but you will have many options to remodel your home. Whether it is fixed rate mortgage, fha 203k loan, cash outs or personal loans. Check the appropriate home remodel loans for your situation and let Kukun match you with the right loan and right lender.
Pros
- Monthly principal and interest payments are the same each month thus making expense planning and budgeting easier.
- Interest rates and loan terms are considered good.
- The fixed-rate loan term can be as long as 30 years which spreads the repayment of the loan over a longer time frame making monthly payments more affordable.
- Loan pays off in full by the end of the term – no balloon payment at end.
- Usually no prepayment fees or penalties.
- Fixed-rate mortgages are readily available from many sources in the market (i.e. Banks, Mortgage Companies, Savings & Loans, Credit Unions).
Cons
- Require good borrower qualifications – good credit, steady income and larger down payment/ more equity.
- Requires full principal and interest payments monthly.
- Requires larger equity percentage if borrower want to access equity via a Cash-out Refinance -limited to 80% of the value of the property less existing liens.
- Requires full loan application, borrower documentation and appraisal, and may take 30-45 days to obtain funds.
- Up front closing cost and fees are higher than similar government loans.
- Can not be used on properties currently under construction.
Compare loans
Are you ready to take on your home remodeling project? Compare different types of loans to find the best loan for your home renovation projects. Kukun partnered with trusted lenders to help you find the perfect loan.
Interest Rate
Adjustable – will
change periodically
Fixed–will not change
Monthly Payments
Payment changes when interest
rates changeMonthly interest-only
payments during draw
Fixed for life of loan Full
principal and interest
payment monthly
Term (length of loan)
Available terms between 10
years and 30 years
Available terms between
2 years and 7 years
Min & Max Loan Amount
$5,000 to $500,000
$2,500 to $100,000
Borrower Qualifications
Requires good credit, good
income and low debt-to-income
ratios
Requires excellent
credit,good income and
low debt-to-income
ratios
Closing Costs and Fees
Lower cost and fees than
conventional and FHA
loans Depending on LTV, may only
require limited appraisal
May have balloon payments and
annual maintenance fees
No fees or very low fees
No appraisal needed May
have early termination
fee in first 12 months
Application, Timeframe and Availability
Limited application 30 days or less
Available through most banks
and credit unions
Short online application
3–5 days Limited
sources
We need a little more information.
Enter the email id that you want to associate with your Kukun Account.
Email updated successfully.Please check your email to confirm.