Many of the people can apply for Home Improvement Loans for a number of reasons, such as remodeling, renovating or making repairs to their home. Loans can be taken for anything as simple as a roof repair, a modification to an energy-efficient furnace or just a new addition. One can repay this loan in many different ways. A home owner, can issue an unsecured loan or use the equity in the home as a guarantee. A home owner can also take a first advance loan or a subordinate loan. Each scenario is distinctive and will need a careful analysis of the type of financing that will be the most suitable for the present situation.