Get practical financial assistance for your remodel
Save up while sprucing up your home
To help you shoulder the financial burden of a remodeling project, Ten Key Home & Kitchen Remodels has developed a helpful and reliable solution. Drawing on our extensive experience, we’ve found the most effective strategy for financially structuring large-scale renovations. By partnering with a local bank, we offer a one-of-a-kind financing resource exclusive to our clients. This system helps you budget for your project and ensures you get your money’s worth.
Take a shortcut to quality remodeling
Explore the possibilities of our Level Up Loan
Level Up Loan Process: First, you’ll close on a new construction loan to refinance your current mortgage loan, and then you’ll draw on that construction loan to fund your project. After the project is complete, the balance of the construction loan automatically converts to a new permanent home loan, like a typical 15 or 30-year home loan. Although they’re technically two different loans, you’ll only pay closing costs once. Also, the initial appraisal for your Level Up Loan is based on the expected future value of your home, post-renovation, providing you much more capital than a HELOC or other option.
See how the loan works in practice
Get a deeper insight into our financing
Ten Key has used its expertise and connections to partner with a leading local bank and provide you with an optimal financing solution for your project, the “Level Up Loan.” We believe, and our client feedback supports, that this way of financing projects provides the absolute most value at the least cost, all while creating an opportunity to fund your project with no cash out of pocket.
Here's the math:
Current Home Value
Current Home Loan
Current Equity in Home
Appraisal of AFTER PROJECT Home
$440,000 x 80% = $352,000
Initial Construction Loan Draw
(To pay off current loan, plus estimated closing costs)
Project Costs drawn on construction loan over time
(Note the extra $1,000 in this example; assume we found something bad in the wall that needed to be fixed)
Construction Loan Converted to New 30-year Fixed
$204k+$76k = $280,000
(NO ADDITIONAL CLOSING COSTS)
Value of Renovated Home
New Home Loan
Out of pocket: $0
If you convert your construction loan to a 30-year home loan, it’s like you’re financing your project with us over 30 years at current market rates with no money down. With how much your home will appreciate over time and the often-overlooked value of loving your home every day, it’s hard to imagine a reason not to embark on this journey with us!
Get the home of your dreams with no money down
Contact us to access our unique funding opportunity
Obtain dependable financing at advantageous terms. Get in touch with our team to discuss the details.