MoneyWisdom Blog

Replacing a Furnace? A MassSAVE Home Energy Assessment can help.

Posted by Bill Burpeau on Oct 7, 2016 6:10:00 AM

When you first consider the home improvements which will increase your home value, you probably think about a new coat of paint, some landscaping improvements, or the proper staging of your home while it's on the market. While these are all effective methods for increasing your home's overall appeal, there is another thing to consider - the energy efficiency of your HVAC system. Through the Mass Save Home Energy Assessment program, you can even get an interest free loan to upgrade your furnace.

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Topics: Use your home equity wisely, Mass Save Financing

Does adding insulation increase your home's value?

Posted by Hanscom Federal Credit Union on Oct 6, 2016 1:44:00 PM

As a home owner, I often find myself researching how to increase home value without emptying my savings.  My neighbors seem to have some pretty creative ideas, one added landscaping, another updated a bathroom.  These ways were well and good, but I needed something a little different, something that would not only increase home value, but also help me in my day-to-day home ownership expenses.  The one thing I kept coming back to was insulation.

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Topics: Use your home equity wisely, Mass Save Financing

Home Equity FAQs - How long will it take to process the loan?

Posted by Bill Burpeau on Jul 11, 2016 1:00:00 PM

Normal processing time from application to closing for a home equity application is 2 - 4 weeks depending on the complexity of the loan request. So happens during the home equity application process that takes this amount of time?
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Topics: Use your home equity wisely, Home Equity FAQs

Make Your Home Green and Save Green

Posted by Hanscom Federal Credit Union on Mar 16, 2016 8:00:00 AM

Tired of high energy bills? Sitting in the dark or turning off the heat is not your only option. From caulking to replacing your water heater to installing solar panels, there is a variety of projects you may be able to undertake to improve your home’s energy efficiency and reduce your carbon footprint.

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Topics: Use your home equity wisely, Mass Save Financing

Home Equity FAQs - Do you require an appraisal for Home Equity Loans?

Posted by Bill Burpeau on Jan 19, 2016 6:00:00 AM

Yes, we must determine the value for any property for which a Home Equity Loan (HEL) or Home Equity Line of Credit (HELOC) is requested.  This in turn, allows us to determine the amount that can be borrowed.
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Topics: Use your home equity wisely, Home Equity FAQs

Home Equity FAQs - Home Equity Loan vs. Home Equity Line of Credit

Posted by Bill Burpeau on Jan 5, 2016 4:00:00 PM

Is it time to spruce up your home?  New kitchen? New bath? Paint? Siding? Flooring? Windows? Can you use the equity in your home to pay for it?

Let's look at home equity and two ways you can use it to pay for maintenance or improvement to your home.

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Topics: Use your home equity wisely, Home Equity FAQs

Home Equity Lines of Credit - Better Safe than Sorry!

Posted by Josh Paul on Feb 9, 2015 9:57:27 AM

You’ve seen and heard all the ads: “Get a HELOC Today!”, “Make Your Home Work for You!” or “You’re Sitting on a Pile of Cash!”

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Topics: Use your home equity wisely, Home Equity

Your HELOC is a matter of public record, treat it accordingly.

Posted by Bill Burpeau on Jul 21, 2014 4:00:00 PM

All deeds of entrust, including your HELOC are recorded for public record upon closing the loan. It is really a contingency of funding the loan; lenders will not release the funds from the closing until they have evidence that the deed was recorded.

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Topics: Use your home equity wisely

Financing a Vacation Home

Posted by Bill Burpeau on Jul 14, 2014 3:00:00 PM

Summer’s here and you’re probably thinking about how to spend your precious vacation time. Of course there are lots of great places to take the family, but maybe this year you’ve finally decided to look into buying that vacation home you’ve been dreaming about.

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Topics: Use your home equity wisely

Mastering the HELOC Lingo

Posted by Bill Burpeau on Jul 7, 2014 4:30:00 PM

In the last month or so we’ve shared lots of useful tips about HELOCs: what to use them for, what NOT to use them for, and who should or shouldn’t get one. All helpful information if you’re considering tapping into the equity in your home.

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Topics: Use your home equity wisely

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