how to finance home repairs
1. Refinance your mortgage to obtain cash for home repairs. A popular way to pay for home repairs and renovations is through a cash-out refi, which is simply a way of swapping your existing mortgage for a new one and converting some of your home equity to cash in the process.. Seek out a second mortgage. A second mortgage can be an unattractive option as it can tend to overburden you with debt, but for home repairs with an end in sight they are helpful. A second mortgage is a loan secured on your accumulated equity.