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Cash is good. In fact, if you can pay for your bathroom remodeling project in cash you typically can earn a small discount from most suppliers. The discount can range from 2 to 10 percent of the total. To get the discount, speak with the manager of various material suppliers in your area to find out who has the best net (after discounts) prices for cash transactions. Some folks with smaller bathroom remodeling projects use cash on a pay-as-you-go basis. That is, they set aside a specific amount each month from savings, regular income, or a combination of both, and buy what they need once a month. They then install it over the coming month. The remodel is then paid for by the time the work is done. No interest. You can get a consumer loan for what you need either through a consumer loan company or on your credit card. The problem here is the higher interest rate. If you don’t pay the loan off they come after you, not your house and new bathroom. From the lender’s standpoint there is less security for the loan, your promise to pay. That’s why they get the higher interest. However, for smaller remodeling projects that you plan to pay off in just a few months a consumer loan or credit card purchase is typically easier to get than refinancing your house.
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