When is a personal loan right for me?

When you see water in your basement:

You need basement and waterproofing and foundation Repair Personal loans release funding as soon as 24 hours after you apply. No long application process or hefty appraisal fees!

You don’t have home equity.

Your basement isn’t over when your bank says no. Our Personal loans have fixed rates and don’t require any home equity.

You are short on cash

Saving cash can take years, but personal loans release funding fast. These loans we our often have lower rates than cards.

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Our short, secure form takes 60 seconds. It’s free and won’t affect your credit score.

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Don’t wait for the water to ruin your home. Personal loans transfer funds into your bank account as soon as the next day.

What is a basement personal loan?
3-7 year repayment periods. Typically lower rates than credit cards rates. Zero equity required. We team up with 13 pending partners to give you the best shot of being approved.  All you need is a 500 credit score

Need basement waterproofing or foundation repair?

If you’re lucky enough to have a basement, the solution could literally be right under your feet. Basements have all the “bones” already in place—walls, floor, and ceiling; all you need to do is waterproof it out and put the finishing touches on your dream space. You could be enjoying your newly dry water free basement in just in 60 seconds


Waterproofing a basement is the most important part of your home 

We would say about a third of basement waterproofers say it’s the number one request among their customers, problems perhaps because it has a pretty good return on investment when it comes time to sell your house. Most homeowners recoup between 70% and 80% of their costs—and realtors say that a fully waterproof and foundation repair basement is a huge plus for potential buy if your looking to sell your home.

There are lots of details that go into waterproofing a basement.

Below grade—things like permits, building codes, and the ever-present issue of moisture. Plus, if you’re planning to turn your basement into an apartment suitable for rental, you’ve got a whole new set of potential pitfalls water
This guide won’t answer all your basement questions, but it will help you organize the process, avoid common trouble spots, and find the right financing solution when you’re ready to get started.

How much will it cost to waterproof my basement?

It’s pretty hard to put a price tag on your basement project—you could do a patch job basement remodel or you could go for the Mercedes Benz version, depending on how much you want to spend. According to the wny cost annual Cost vs Value report, the average basement project cost about $18,000 .
Here’s a look at some of the costs you’ll encounter when you waterproofing your basement:

Permits and inspections.

Depending on where you live and the complexity of your project, expect to spend between $100 and $3,000 to get your paperwork in order. The permitting process is pretty intense, so you may want to have your contractor or designer handle the process for you.

Plumbing.

Extras like a bathroom or wet bar need a water supply and sewer lines, so you’ll need to hire a plumber to get the work done.


If you’re adding an extra bedroom down below.


Lots of homeowners choose the basement when they need to add extra bedroom space for guests or a growing family. It makes good financial sense, too—realtors estimate that an extra 12’ x 12’ bedroom adds as much as $15,000 to your home’s market value when its waterproofed.


We got you covered. 

Proper permits. Remember the paperwork we discussed earlier? If you don’t have a permit on file for a a basement waterproofing or your basement project, you may run into trouble if you try to market your house as having the extra space.


What are my finance options for waterproofing my basement?

We’d be the first to tell you that the best plan is always to pay cash to wateproof your basement if you can; you avoid the extra finance charges and other fees that add hundreds or thousands to your project. That said, most people don’t have $20,000 sitting in the bank for pricey home improvement projects, so financing is the next best thing.We’ll explain your options and help you decide which one is best for your situation.

How does a personal home improvement loan work?


With I'm The guy basement waterproofing You can get a personal home improvement loan regardless of whether you have home equity or not—it’s an unsecured loan, which means your signature, good credit, and proof of income are all you need to qualify. Most lending partners will loan you up to $35,000 (up to $100,000 with some lenders). It’s a simple and painless process; most approved applicants are funded within 1-3 days. And unlike a home equity loan where you can spend thousands in application costs and fees, you’ll only pay a simple loan origination fee once your loan is disbursed.


Home equity loans for basements


Fixed, reliable monthly payments that don’t change over the life of your loan. If you like predictability in your budget, this is a great choice for you.
No prepayment penalty, so if you sell your home or get a nice income tax refund, you can pay off your loan balance and your lender won’t penalize you for being financially responsible.


When do personal home improvement loans make sense?

When you need a fairly large sum of money to stop rain in your basement and you need reliable monthly payments to make your budget work. They’re also a great choice when you lack adequate equity in your home to complete the work—or you don’t want to put your home at risk with a home equity loan.


How do I request for basement financing?


If you’re ready to roll on financing your basement, Im The Guy makes it easy for you to find and compare options on personal home improvement loans and home improvement credit cards. In just 60 seconds, you can complete our secure online loan request and see your options in just a few hours. Best of all, it won’t affect your credit score.


Things you should consider before you begin waterproofing your basement.


If you’re about to spend $20,000 or more to waterproof your basement, you should take a few steps before you start to make sure your project isn’t wrecked by undiscovered problems and hasty planning.