The following article is sponsored by Univest Corporation. For information about Univest’s services, please click on the following link: www.univest.net.
Do You Have Spring Fever?
By: Greg Taber, Vice President and Area Manager, Consumer Banking, Univest Bank and Trust Co.
We’ve spent the past several months trapped inside due to cold weather and shortened daylight hours. While stuck inside, we often stare at everything around our home that we would like to fix or improve. Well, the time has come! Spring is just around the corner and there is no better time than now to begin planning your home improvements. Here are a few steps to get you started:
Determine your needs and wants– Create a list of the improvements or repairs you would like to complete and then rank those in order of priority. For example: you may want an updated kitchen or bathroom, but you may need a new roof.
Create a budget– Once you’ve determined all the projects you would like to complete, you need to take an honest look at your finances to determine how much you can afford to spend on home improvements.
Consider financing options– With interest rates remaining near record lows, taking out a home equity loan or line of credit could be a cost-effective way to fund your project. Take advantage of the low rates before they rise.
Speak with a Contractor – With a list of projects and budget in mind, work with a contractor to determine the actual cost of the home improvements you hope to make. Ask friends and family for referrals and be sure to consult with more than one contractor to ensure you’re getting a fair price.
Tackling home improvements may seem daunting, but with a plan and the right financing in place you’ll be ready for warmer weather in no time. For a limited time, save up to $675 on closing costs and fees when you apply for a home equity loan or line of credit*. Don’t let the winter blues linger, there’s no better time than today to take advantage of our special offer and great low rates. Apply here.
*New home equity term loans of $25,000 or more will receive a credit of up to $675 toward closing costs and fees, subject to approval. Offer is available to new home equity loan customers only. May not be combined with any other offer. If closing costs and fees are less than $675 a credit for the actual costs will be applied. If closing costs and fees exceed $675, the balance of the closing costs and fees will be paid by the loan recipient(s). Offer subject to change at any time. Offer valid on applications received by June 30, 2016.
New home equity line of credit applicants that take an initial draw of the lesser of $25,000 or 50% of their line at closing will receive a credit of up to $675 toward closing costs and fees, subject to approval. Offer is valid to new home equity line of credit customers only. May not be combined with any other offer. If closing costs and fees are less than $675 a credit for the actual costs will be applied. If closing costs and fees exceed $675, the balance of the closing costs and fees will be paid by the loan recipient(s). Offer subject to change at any time. Offer valid on applications received by June 30, 2016.
- Log in to post comments
