If you have a mortgage, you already know a thing or two about home ownership. If you’re the typical home owner, there’s never a shortage of what can be done to upgrade, fix, or change something about your home. Costs can seem daunting, but that’s where the equity in your home can help.
Remodeling and renovating your home can make your home more enjoyable, and— if done right—increase your home’s value along the way. But not all renovations are created equal. While some projects can add significant value to your home, others can actually reduce the sale price. So what’s a homeowner to do?
We all know the signs: morning fog, dark evening commutes, and seemingly endless drizzle. Fall has arrived in the Pacific Northwest, and when the mercury drops, heating bills go up. But a little work around the house now can save you money until spring returns. Here are 9 ways to keep your home warm and conserve energy during the cold months ahead.
As you do your spring cleaning, you may think of a new feature or two you’d like for your home. Although improvements can be expensive, thinking through the logistics and costs can give you a sense of the potential benefits too. Ideally, an improvement should boost your home’s value. In this regard, some changes are much more effective than others.
If you are planning a home improvement project this spring or looking for a good way to consolidate your high-interest debt, you may be thinking about borrowing against the equity in your home. While that can be a great way to get the money you need, knowing a little about the available options can help you avoid ending up with the wrong loan.
With low interest rates, flexible repayment terms, and potential tax benefits, a home equity line of credit (HELOC) could be a great way to pay for important expenses, like home improvements or college tuition, and could be a money-saving way to consolidate other debt.
If you are looking to purchase a new home or refinance your existing mortgage, you’ll want to talk to the mortgage pros in SMCU’s Mortgage Center. Our mortgage experts have decades of experiencing helping members like you find exactly the right mortgage. Whether you need a conventional 30-year fixed-rate mortgage or something a little different, like a Jumbo Loan, ARM, or even a floating-home loan, SMCU has the mortgage for you.