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Homeowners with debt are willing to go into more debt to renovate their home

Nearly two-thirds of homeowners who have $10,000 or more of unsecured debt say they are planning on doing renovations to their home in the next five years, according to a survey from Freedom Debt Relief. Despite those plans, approximately 60% of homeowners say they can’t afford the necessary renovations to their home, but are willing to go even more into debt to make it happen. 
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