Financial solution which allows homeowners to borrow money to make improvements or updates to their existing property. Kitchen or bathroom remodel, finishing a basement, or updating certain systems like electrical, plumbing, or HVAC. The loan can be obtained as a standalone product or combined with a mortgage. It has its own set of terms and interest rate, different from a mortgage loan, this allow the homeowner to use the loan to make the desired renovations to their property and increase its value.