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March 10, 2021

5 Ways Your Home Can Fund Your Dreams

Do you dream of big projects but have no way to fund them? Guess what — you might already have the funds in your back pocket, and we can help you access them with our Home Equity Loan!

What is a home equity loan? It’s a type of loan that allows you to use the value in your home to access cash for various big-ticket endeavors. These endeavors can be related to your home, but they don’t have to be!

Here are just five of the many ways a home equity loan can help fund your dreams.

  1. Home Improvement – Do you daydream about renovating your home? Maybe you have big plans for building a new deck or installing that pool you always wanted. Here’s where a home equity loan can come in handy! You can use a home equity loan to finance these expensive home improvement projects. Not only will you achieve your dreams of refreshing your home, but you could also possibly increase your home’s value by improving the property! It’s a win-win solution
  2. Simplify Your Debt  If your goal is to get the upper hand on your debt, a home equity loan is also a good choice for you. Decrease your stress and your debt by using a home equity loan to consolidate a bunch of high-interest debt into one lower rate payment (that might even be tax-deductible!*). This can help reduce your monthly expenses, saving you more money at the end of each month.
  3. Fund Your Wedding  Weddings can be incredibly expensive: floral arrangements, catering, linen rentals, dresses, suits, venues — the list goes on and on! Weddings come with a whole list of expensive expectations, and having the funds to afford such an event may seem totally out of reach. A home equity loan might be the perfect answer to funding your dream wedding. Interest rates on home equity loans are often lower than rates on personal loans, which makes them a smart way to cover your expenses while avoiding high-interest rates.
  4. Cover Your Medical Expenses – If you find yourself faced with hefty medical expenses, a home equity loan can help cover the cost. Home equity loans can be your saving grace in a costly emergency situation, but you can also use the loan to fund elective medical procedures. So if your emergency medical fund is lacking, a home equity loan might be the solution for you.
  5. Your Dream Vacation – Whether you want to fund a family vacation or your dream destination honeymoon, a home equity loan can help you get there. This loan can serve as a less-expensive option than using high-interest credit cards for hotel costs or taking out higher rate loans for travel expenses. Start checking places off of your bucket list, and fund those big-ticket endeavors like you’ve always dreamed about with a home equity loan!

No matter how you plan to use it, if you’ve been making payments toward your home for at least a few years, or your neighborhood has seen significant increases in home value, you may have equity in your home that can be used for any of the above reasons (or more!). So when you want to refresh your nest or get your dreams off the ground, check out our Home Equity Loan!

Ready to apply and get the cash you need?

Have questions? We’ll walk through your situation and help answer your questions. Just fill out the form below!

*Consult your tax advisor regarding the deductibility of interest.


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