I was intrigued by Renofi's offer - at the possibility of skipping personal loans that I would pay off with a home equity loan after completion of a substantial home renovation - and just taking out a second lien based on the finished project's value. However, after 1 month of working to complete it, I am pulling the plug on this financing option. Renofi was slow and often difficult to communicate with. Once they connected me with the credit union actually lending the money, nothing done with Renofi seemed to transfer or make the process quicker. In fact, because I thought the bank had statements and information I had previously uploaded to Renofi, there was a lot of miscommunication and delays. Beyond the time this was adding to my project timeline, it made me very weary of the additional headache the bank and/or Renofi would cause during the project - as they have to release project funds via draws and require progress updates. I hadn't planned to fund the project this way, but stumbling upon Renofi, I thought the package was appealing enough to pivot. I'm sorry I did. Going to fund it more traditionally and without all the headache and red tape. My wife supports. She notes "a renovation is hard enough on a marriage, we can't involve someone else!" In this case it would be a bank that hasn't felt particularly competent and Renofi which felt completely pointless and incompetent. We must choose our partners wisely so I am choosing neither of them. The credit union probably shouldn't have chosen Renofi. If you are reading this, I don't doubt that Renofi may be an attractive or even better option on paper for you and your project. But be warned that you may, like me, be setting yourself up for delays, paperwork, costs (you appraise your house out of pocket before you even get to talking to the bank), and ultimately the feeling that perhaps it wasn't worth it after all. It's not like the rate is any better than a personal loan anyway; it was just a larger loan.