How to Get a New
Do you want to improve the look of your home?
Have you thought of adding value to your home with a brand new
The thought of home improvements, like a new
kitchen, can be lingering thoughts. Projects like these can be
expensive endeavors when most of us do not have the additional
funds sitting in a bank account screaming for you to
Maybe it?s time you consider a Home
Improvement Loan. You may have heard different terms like Home
Equity Line of Credit (HELOC) or Line of Credit. A HELOC could
be the easiest and cheapest way to make improvements to your
home and have your dreams become a reality.
HELOC offers a low interest rate, usually tied to the prime
rate and a low monthly payment, secured by your home. As the
home owner, it frees you up to do whatever improvements you
want on your home or property.
With a HELOC, you can have up to 100% of your
home?s value available to you for improvements, rehabbing and
life?s unplanned emergencies. You only pay for what you spend
leaving funds available for other projects and/or emergencies.
The loans are typically repaid over a 10 year amortization
mortgage lender can better provide details and current rate
information. Your available income, credit score and equity in
your home will play a part in determining your rate and ability
to qualify for different program options. Your lender will also
be able to explain to you any tax savings and other advantages
the loan may have for you.
HELOC can help you with: getting that new kitchen, remodeling a
bathroom, building a home addition, buying new furniture,
landscaping in the Spring, and so on. What you spend your money
on is entirely up to you.
Remember, financing shouldn?t be the most
difficult part of getting that new kitchen you?re dreaming of!
With a simple Home Improvement Loan, you?ll be on your way to
harder decisions- like picking out the new cabinets and light