Home Improvement - MoneyTips

Bathroom Remodel Financing: Understand Your Options

MoneyTips Writer — Fri, 16 Feb 2024 19:22:44 +0000

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...

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Is a Home Equity Loan a Good Idea?

Jonathan Pressman — Mon, 19 Dec 2022 19:01:08 +0000

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....

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Do You Need a Home Appraisal for a HELOC or Home Equity Loan?

Jonathan Pressman — Mon, 21 Nov 2022 17:18:58 +0000

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...

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A Guide to HELOC and Home Equity Loan Closing Costs

Matthew Jones — Mon, 21 Nov 2022 17:08:36 +0000

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...

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Homeowner Guide: How To Prepare for a Winter Storm

Adaeze Nwakaeze — Fri, 04 Nov 2022 18:18:27 +0000

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...

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How to Insulate Your Walls

Jonathan Pressman — Fri, 04 Nov 2022 15:00:32 +0000

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,...

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What Is a Fixed Rate HELOC and How Does It Work?

Jonathan Pressman — Thu, 03 Nov 2022 17:15:49 +0000

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...

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Should You Lease or Buy Solar Panels?

Adaeze Nwakaeze — Thu, 27 Oct 2022 18:38:19 +0000

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...

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How To Get Equity Out of Your Home

Jonathan Pressman — Fri, 30 Sep 2022 13:22:29 +0000

Your home equity works a lot like a piggy bank. It’s a great place to go when you need money to pay for major expenses like home improvements, medical costs, or college tuition. Home equity is how much of your home you own – it’s your home’s market value minus what you owe your lender...

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Siding Financing Options and Costs: Explained

MoneyTips Writer — Wed, 17 Aug 2022 16:21:03 +0000

Is your home’s exterior looking a little drab? Could your siding benefit from an upgrade? Are you interested in boosting the value of your home? If you answered “yes” to any of these questions, new siding may be sitting at the top of your to-do list. But that’s the best way to pay for new...

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Roof Financing: Everything You Need To Know

MoneyTips Writer — Thu, 04 Aug 2022 20:09:53 +0000

Maybe you’ve noticed a new leak, or maybe you’re getting ready to sell your home. Whatever your motivation, there are plenty of reasons to consider a new roof. But what’s the best way to pay for it? In this article, we’ll go over everything you need to know about roof financing, from the different options...

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Refinancing a Second Mortgage: What To Know

Jonathan Pressman — Fri, 22 Jul 2022 14:09:55 +0000

Have you been thinking about trying to save money by refinancing your home equity loan, home equity line of credit (HELOC) or another second mortgage? If interest rates are lower than they were when you first took out your loan, you can save money by lowering your monthly mortgage payment or shortening the loan’s length...

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