I'm planning a good size renovation, around $50,000.My house is paid for,it appraised around 250-300k. It's not fancy, but everything is expensive. Am I better off getting a loan from my bank or a mortgage lender company? I'm new to this,any advice is appreciated.

Get a Home Equity Loan from your bank. With a Home Equity Loan the loan is already paid in the event you must sell your home - and in theory you are just paying interest on your own money.

You usually only pay interest on the money you’re using with HELOC. Might help if you’re not charged a bunch of fees to set it up.

Credit Union will likely have the lowest rates.

We used a HELOC on our old paid off house to have a big down payment on the new place. It was the easiest and cheapest option for us

We used a HELOC to buy our new/used vehicle, and remodel kitchen. Lowest rate at our credit union and it just adjusted down 1.25 percent. It is also still a tax deduction.