Photo: depositphotos.com Q: I’ve heard that there is financing available for making repairs or additions to homes. But how do I know which types of home improvement loans are best for me? A: There are six main types of home improvement loans: home equity loans, home equity line of credit (HELOC), personal loans, cash-out refinancing, credit cards, and the FHA 203(k) Rehab Loan. Each of these comes with its own benefits and drawbacks. For instance, some loans require that you use your house as collateral in the loan (more on that below), and some loans are better for smaller projects with fewer expenses, just for starters. Below we’ll cover each…