How to choose financing for a basement remodel or renovation The best way to finance your basement remodel or renovation is with cash. But if you borrow money for the project, you should take the minimum amount possible and compare loan terms carefully. Real Renovations: How to Finance a Finished Basement April 7, 2015 By Warren Leave a Comment When your house was originally constructed, perhaps you originally intended to get around to getting the basement finished after a few months. Total Basement Finishing FAQ's Do you have financing options? Yes, all of our dealers offer financing options. Your local basement finishing dealer can explain in more detail. Back to Total Basement Finishing FAQ's. Get a no cost, no obligation free estimate. If you have a credit card with a high limit, you might be able to put part or all of your basement upgrade on the card. Ask your contractor if he takes credit cards before assuming you can use this option, or ask your credit card company to send you. If the interest rate on the loan is less than the interest you receive on your savings, a loan is the better option, unless, of course, you can afford to pay for the remodel without incurring any debt. 10 Things You Must Know: Finishing a Basement A finished basement is a great addition to any home. Be sure to read these expert tips before you get started on your renovation. Here are some other rights to remember: If a mortgage lender does not disclose the APR, any application fees must be refunded. You usually get these disclosures on a form with your loan You have three days from the day of closing to cancel. Inform the lender in writing within that period. Some Interesting Tips On How To Finance A Basement Renovation For A Modular Home kevito100 March 3, 2018 Finishing the basement of your modular home does have some significant benefits which include but not limited to adding an extra bathroom, bedroom, a. We show you the alternatives and match you with a specific financing to get you the lowest interest rate. but saving your money until youre able to pay outright for a renovation eliminates. If you have a credit card with a high enough limit you could consider using it for your basement financing. However, this would usually be a very expensive way of financing that basement remodel. It could be useful if you only need short term bridging finance, as you could use it for a months financing and pay no interest at all if you repay it fully within that month.