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Best Ways to Get the Most from Your Home Improvement Loan

Posted by Carolina Trust Federal Credit Union on Jul 7, 2020 2:48:05 PM

Everyday people secure home improvement loans for a wide variety of reasons. Some feel they need to upgrade rooms or build an addition for resale value purposes. Others want to improve the quality of life experience of living in the space. The different goals make it nearly impossible for someone to definitively say that one way or another is the best way to utilize home improvement loans. That’s because it really comes down to maximizing the benefit you want. But for argument's sake, let’s consider two tracts about “best” uses — lifestyle and return on investment (ROI).

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Topics: Home Equity, Home Improvement, Home Loans

Here Are the Top Three Ways to Use Your Home Equity to Remodel

Posted by Carolina Trust Federal Credit Union on Jul 7, 2020 2:44:47 PM

At its core, the concept behind home equity is a simple one. It’s a term that describes the difference between the fair market or “appraised” value and the outstanding balance of any and all loans that you may still owe. If your home was worth $200,000 and you still owed $100,000, for example, the equity on your home would be $100,000.

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Topics: Home Equity, Home Improvement, Home Loans

WBTW Living Local - Home Equity Loans and HELOC for Home Renovation

Posted by August on Jul 3, 2020 9:03:34 AM

As you may know, Carolina Trust has recently partnered with WBTW News 13's Living Local Carolina show for a Financial Friday segment. During one of our recent Financial Fridays, we had the opportunity to visit one of our members' beautiful home in Murrells Inlet, SC and talk about Home Equity Loans and Lines of Credit with our Mortgage Loan Officer, Kelly Rowland. 

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Topics: Home Equity, Home Improvement, Home Loans

Carolina Trust Federal Credit Union Blog 

Welcome to the Carolina Trust Federal Credit Union Blog! We're excited to share financial tips and information for a variety of different topics.

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Check out recent blog posts by our Brand Ambassador, August, for tips on achieving financial success in the bag. 

 

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