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Tag Archives:Home Equity Loan

Jan 9

How Remodeling Impacts Your Home Value

How Remodeling Impacts Your Home Value

Thinking of home renovation projects this spring/summer?  Click here to view an interesting report that compares the economic impact of various remodeling projects.  As a hint, the highest impact remodeling projects that add value to your home are a new kitchen or kitchen upgrade, or a new bathroom, or bathroom upgrade.  The lowest value items include an insulation upgrade, closet renovation or converting an attic to a living area. As for a remodeling project’s impact on your happiness, a whopping 82% of homeowners said they have a greater

Feb 22

How to Finance Home Repairs and Upgrades

How to Finance Home Repairs and Upgrades

Every homeowner has projects they would like to do at home.  One of the great things about owning your own home is the freedom to make changes!  The question is how to pay for it!? The good news is that as you make improvements to your home, the value of the home may go up.  As your home’s value increases, so does your equity.  Equity is the difference between your mortgage balance and your home’s value.  There are several ways of using your home equity to finance upgrades