Home Renovation Loans in Greenwood Village, CO
Finance a kitchen update, an addition or a home that needs work. Randy compares cash-out refinancing and renovation loan options side by side, with a CPA’s eye on total cost, so you can pick the one that fits your project and budget.
Randy Spierings, CPA, MBA Loan Officer · NMLS #217152 · Primary Residential Mortgage, Inc. NMLS #3094
⭐️⭐️⭐️⭐️⭐️ 5.00 (33 Google reviews)
Whether you are updating a kitchen, adding space or buying a home that needs work, there are several ways to finance it. Randy helps Colorado homeowners and buyers compare them and pick the one that fits the project and their budget. If you are looking for renovation financing near you in the Denver metro area, start with a conversation about the project and your equity.
Ways to finance a renovation
- Cash-out refinance: use the equity in your current home. See cash-out refinance.
- Renovation purchase or refinance loans: some programs include the cost of improvements in the loan, based on the home's expected value after the work.
- Other options: Randy can compare these with other ways to borrow against your equity.
What to have ready
- A clear scope of work and contractor estimates.
- Your current mortgage statement and income documents.
- A realistic timeline for the project.
What Clients Says about Us
The CPA advantage
Randy is a CPA as well as a mortgage lender, with 30+ years as a CPA and 22+ years in residential mortgages with Primary Residential Mortgage, Inc. He looks at cash flow, tax timing and total cost of ownership, not just the rate, so you can see how the loan fits your full financial picture. He does not give tax advice for your specific return; talk to your own tax professional before you decide.
Randy is a loan officer with Primary Residential Mortgage, Inc. (PRMI), a direct lender that funds, underwrites and originates loans in-house. That means decisions get made under one roof instead of being passed between brokers and wholesalers.
Clients know Randy for his “Home Ownership 101” approach: he walks through the actual math, such as break-even points on a refinance, rent-versus-buy modeling and the long-term cost of a 30-year fixed versus a 15-year or an ARM.
Related options
Start with home loans or talk to Randy about whether a renovation program fits the home you are considering.
Client's Experience
★★★★★
"Working with Mr. Spierings has been a fantastic experience. He is knowledgeable, responsive, encouraging and supportive. He is engaged throughout the whole process and brings a sense of ease. He is very professional and I highly recommend working with Mr. Spierings for anyone looking mortgage loans."
— Chasity McKinnon
★★★★★
"Randy is a true professional. The trust is here. Always a pleasure to work with. Honest, Reliable, Super Knowledgeable. Randy is always willing to go Above and Beyond to help our clients! The best of the best."
— Bill Maher
★★★★★
"Randy Spiering and Primary Residential Mortgage help Ruth and I refinance during Covid. He negotiated a 2.75% interest rate for us. This allowed us to enhance our use of funds. Thank you, Randy, and Crew. Incredible foresight."
— Joe Douglas
Frequently asked questions
1. Can I finance repairs when I buy a home?
Some loan programs allow this. Randy will check which ones fit the property and your situation.
2. Do I need contractor bids?
For most renovation financing, yes. Estimates help set the loan amount and the timeline.
3. Is a cash-out refinance or a renovation loan better?
It depends on your equity, the size of the project and your current rate. Randy will compare both for you.
4. How long does it take?
It depends on the program and the appraisal. Randy will give you a timeline for your project.
Have any questions? Don’t hesitate to reach us.
Committed to empowering you with the information needed to make confident, informed decisions about your mortgage. Feel free to reach out to us for personalized guidance and support tailored to your needs.
Talk it through with Randy
Ready to Get Started?
We’re dedicated to equipping you with all the information you need to make well-informed decisions about your mortgage. Don’t hesitate to contact us for personalized assistance tailored to your unique needs.
Randy Spierings NMLS #217152 | Primary Residential Mortgage, Inc. NMLS #3094. Equal Housing Lender. PRMI is licensed in Colorado through the Colorado Division of Real Estate. This is not a loan commitment or an offer to lend. Not all applicants will qualify. All loans are subject to credit approval and underwriting guidelines. Rates and terms are subject to change without notice.