There are many financing options when it comes to refinancing your home, which include: Personal loans: Ideal for those who have little home equity and a small home improvement project that can be paid off in less than seven years Peer-to-peer loans: Ideal for consumers who are looking for personal loans with interest rates under 36% Personal line of credit: Ideal for borrowers who don’t qualify for a personal loan and are looking for a lower interest rate Credit unions: Ideal for consumers who want to take a personal loan with low interest rates, even if they don’t have good credit Credit cards: Ideal for consumers with excellent credit who need to fund a small project Cash-out refinancing: Ideal for borrowers with large home equity Federal programs: Ideal for consumers who need federal programs for home renovations Home equity loans: Ideal for homeowners who are looking for longer repayment terms HELOCs: Ideal for homeowners who need to access funds regularly Security-backed lines of credit: Ideal for homeowners who have large investment portfolios FHA cash-out refinances: Ideal for consumers with lower credit scores and higher debt-to-income ratios. VA cash-out refinances: Ideal for veterans and current service members 203K: Ideal for consumers who have a home in an ideal location but need major renovations. FHA Title 1 loans: Ideal for consumers who want long-term loans for medium-sized projects. State and local programs: Ideal for borrowers who are looking for state and local loan programs that assist them with specific purposes like improving energy efficiency or financing home purchases. Contractor financing: Ideal for borrowers who can find trusted contractors. 401(k): Ideal for consumers who have a retirement account and no other means to borrow.