MoneyWisdom Blog

5 Steps to a New Financial You in 2017

Posted by Hanscom Federal Credit Union on Dec 2, 2016 7:24:00 AM


Holiday shoppers have been careful each holiday season to make their lists and check them twice. Budgets have become more discerning, and savers have become better planners for their holiday spending, prioritizing savings along the way.

Read More

Topics: Money Management

7 Questions to Ask When Borrowing Home Equity

Posted by Hanscom Federal Credit Union on Nov 30, 2016 8:30:00 AM

When reviewing lenders for home equity borrowing, ask questions. Products vary greatly between financial institutions, and understanding the pros and cons of each will help you make the right choice. Ideally, you should interview several lenders to understand the variety of home equity products on the market and what is required of each.

Read More

Topics: Home Equity

5 Things to Know About Home Equity

Posted by Hanscom Federal Credit Union on Nov 28, 2016 7:00:00 AM

If you are looking to tap into the equity of your home, spend some time doing your homework. Understand the pros and cons of loan products on the market and how each might impact you. To get you started, we share some of the most popular questions (with answers!) that we get about home equity.

Read More

Topics: Home Equity

How do I qualify for a home equity line of credit?

Posted by Hanscom Federal Credit Union on Nov 25, 2016 10:12:00 AM

A home equity line of credit (HELOC) is a credit line established against the equity in your home. It allows you to borrow as needed. To qualify for a HELOC, you will have to show that you have available equity in your home. Lenders commonly restrict borrowing amounts to 85 percent of the home’s appraised value minus any mortgage(s) on the home.

Read More

Topics: Home Equity

How do homeowners use home equity?

Posted by Hanscom Federal Credit Union on Nov 23, 2016 7:00:00 AM

Rising residential real estate values have birthed an increase in home equity for American homeowners, and many are taking advantage of this fresh source of revenue. In fact, NerdWallet reports that lenders handed out $156 billion in home equity lines of credit (HELOCs) in 2015, a 24% rise from a year earlier and a 138% rise from 2010.

Read More

Topics: Home Equity

What is home equity?

Posted by Hanscom Federal Credit Union on Nov 21, 2016 3:25:20 PM

Home equity is the difference between the appraised value of your home and any current mortgage balance(s). For example, if your home is currently appraised at $325,000 and you owe $200,000 on your mortgage, your home holds $125,000 in equity. As the value of your home increases and you continue to pay down your mortgage, the equity in your home increases.

Read More

Topics: Home Equity

Home Automation Can Save You Money

Posted by Hanscom Federal Credit Union on Nov 18, 2016 7:22:00 AM

Are you ready to automate your home? The initial financial investment could be offset by the savings in running your home more efficiently. 

Home automation is coming on strong as the technology world focuses on the Internet of Things (IoT).  With the IoT, everyday objects have network connectivity letting them send and receive data. At my house, some 30 or so devices chat away, including PCs, smart phones, printers, speakers, digital video recorder as well as thermostats and smoke/carbon monoxide detectors. 

Read More

Topics: Mass Save

Is Your Retirement Income Taxable? It Depends…

Posted by Hanscom Federal Credit Union on Nov 17, 2016 7:41:49 AM

 

If you’re planning on retiring soon, you likely are counting not only the days, but also the income that you’ve so carefully set aside for your golden years. You are not the only one: Uncle Sam has a stake in your retirement income as well – sometimes more, sometimes less, depending on the source.

Read More

Topics: Retirement and Investing

An Outside Guide to Prepping Your Home for Winter

Posted by Hanscom Federal Credit Union on Nov 3, 2016 9:19:08 AM

Daylight Saving Time ends this weekend, and that means winter isn’t far away. Now is the time to finish prepping your home for the transition to colder weather. In today’s blog, I share some vulnerable spots on your home that you should prioritize as you get ready for a new season.

Read More

Topics: Mass Save

An Inside Guide to Prepping Your Home for Winter

Posted by Hanscom Federal Credit Union on Oct 25, 2016 8:34:45 AM

 

Read More

Topics: Mass Save

Add a Comment

Welcome

Our mobile services, education programs and innovative products are designed to help you become financially self-sufficient and successful —whether you're well-established or just starting out. We are here for you. 

For convenience in your 24/7 lifestyle, we offer:

Subscribe to Email Updates

Financial Resolution eGuide