caitlyn,
If u are taking renov loan, must take those are recognised by the bank wan....
Hmmm, oso tell u one thing, if u are on close term with the ID, u can ask him to quote a higher price. For eg, the renov might cost $16K, but u can ask him to quote $20k, so u might want to obtain the reno loan at $20K, then u can hv on cash $4K to buy other stuff, for eg> furniture, electrical appliance and etc.