But if your price range is more variable and may change based mostly on what you find behind your walls or underneath the lavatory tile, then a HELOC may present the flexibleness you may want. Cash-out refinancing often offers the lowest curiosity of all home improvement loans. You may also qualify for an income tax deduction because you’re using your loan to fix your house. Cash-out refinancing could be a good option if you’re on the lookout for a approach to finance home improvements with out including a separate monthly fee to your budget. California’s Self-Generation Incentive Program and Single-Family …