Make Your Home Designs Happen This Fall
After summer’s lazy, hazy days, September is traditionally the back-to-everything month, whether it’s school, work or kick-starting projects. If home improvements are on your fall to-do list, a line of credit can make your ideas reality.
As you pay down your mortgage, the equity you have invested in your home increases. Borrowing against your home’s equity, often up to 80% of its value, let’s you establish a line of credit at agreat rate, giving you the flexibility to fund what you need, when you need it, such as a renovation.
As you pay down your mortgage, the equity you have invested in your home increases. Borrowing against your home’s equity, often up to 80% of its value, let’s you establish a line of credit at a great rate, giving you the flexibility to fund what you need, when you need it, such as a renovation.
Kitchens and bathroom overhauls top the list of home improvements that yield the best return on investment. Fast and easy updates such as replacing fixtures, countertops and resurfacing cabinets can go a long way in transforming these hightraffic areas with a fresh, modern appeal.
Adding additional living space, such as finishing the basement, is also a wise way to use a line of credit to your home and lifestyle advantage, especially if you have a family looking for room to play and grow.
If fall’s back-to-school exodus has landed you in the empty nester’s category, survey your space with an eye to converting a room or two for new functionality. Creating a home office is a great feature to have, and a renovation that still allows the flexibility of easily reverting the room back to its original use if need be.
When planning a home renovation, consider going green with energy-efficient options that promise a high return relative to cost. Today’s high-efficiency appliances, heating and cooling systems, lighting fixtures and even building materials such as insulation, can help reduce the household’s monthly overhead costs over time.
Whether for a big renovation or a quick spruce up with paint and new furnishings, securing a line of credit can happen quickly and easily. The process is simple, usually involving a home appraisal and one round of borrower-lender paperwork.
Visit www.mcap.com to learn about the benefits of MCAP’s Home Account® and Home Account® Plus line of credit options.