Let’s talk about bathrooms. Whether you want to upgrade your shower or completely redo everything from top to bottom, a well-done renovation can improve your home’s aesthetic appeal and increase its value. But assuming you don’t have the cash, what’s the best way to pay for it? In this article, we’ll explain the different financing
Home Improvement
One of the benefits of homeownership is that you can access your home’s equity. Home equity loans are one of the most popular ways to borrow money against the equity you’ve built in your home. While home equity loans can be an excellent resource in certain situations, they do come with some risks for homeowners.
We’re not saying your home is a literal ATM, but if you take out a home equity loan or home equity line of credit (HELOC), you can withdraw from the equity locked inside your home to pay for home improvements, medical expenses or school expenses or to consolidate your debt. Of course, the process isn’t
Home Equity Lines of Credit (HELOCs) and home equity loans are two of the most popular ways for homeowners to borrow money at low-interest rates. HELOCs give a rolling line of credit with a variable interest rate, while home equity loans provide a lump sum upfront with a fixed rate. Each loan type has financial
Winter is almost here again! You can already envision hot cocoa by the fire, cozy nights in front of the TV, and weekends spent sledding and building snowmen. But along with all the fun winter brings, there’s also the potential for severe weather – including blizzards. And if you are not prepared, a blizzard can
An energy-efficient home can bring you comfort and cost savings. The first step to improving your home’s energy efficiency is insulating your walls and other areas prone to losing heat. Today, new-construction homes have plenty of insulation and other energy-efficient features. But this wasn’t always the case. Older homes may have little or no insulation,
There are many reasons to explore applying for a home equity line of credit (HELOC). Maybe you want to consolidate your debt, pay tuition or finance home improvement projects. No matter how you spend the money when you use a HELOC, you’re taking advantage of a more flexible, less expensive way to borrow a large
Have you been thinking about going solar? You’ve seen the commercials and are excited by the prospect of joining the renewable energy revolution, lowering your electric bills and doing your part to save the environment. But you can’t greenlight the purchase yet because you don’t know whether to lease or buy solar panels. It’s a