Home Equity Loans Are Not Throw Away Cash

Mortgages weren’t the only financial instruments that helped to cause the Great Recession. Home equity loans also played a role in the massive economic decline. Lenders and homeowners both had a hand in creating the volatile situation. Both also bore a huge brunt of the fallout.

So, why are home equity loans again on the rise?

What makes home equity loans so attractive?

Home equity loans put hundreds, at times thousands, of dollars within a homeowner’s reach.Although interest rates are rising, they continue to be low in most areas. Get a home equity loan while rates are low and you’ll yield short and long term savings on the repayment side of the loan.

Another reason why more homeowners are getting home equity loans is because having the money to upgrade, repair or renovate a house can be a significant plus,especially if homeowners use home equity loans wisely. Upgrades, repairs and renovations add value to a house, another area that homeowners learned not to leave to chance during the Great Recession.

Using home equity loans to strengthen your real estate investment

Yet, it’s easy to get into trouble with home equity loans. To stay out of trouble with home equity loans:

  • Only borrow as much as you can afford to repay on time. Don’t assume that you will be able to repay the loan. Create a budget and list out all of your expenses, including money that you spend on entertainment.
  • Consider using investment accounts like IRAs and 401(k)s to grow wealth and not solely your home. This could keep you from viewing your home as your sole source of long-term wealth.
  • Get sufficient homeowners insurance. Don’t just get enough insurance to cover the exterior or your home. Get enough insurance to cover your personal belongings as well.
  • Consider getting your home inspected and appraised before you pay for upgrades, as the upgrades that you’re thinking about getting may not increase the value of your home enough to make taking out a home equity loan good sense.
  • Despite what bank commercials may say, do not take out home equity loans to pay for vacations, cars or shopping sprees. This is a primary way that homeowners got in over their heads before the Great Recession.
  • Perform regular maintenance on your home. This includes cleaning out drainage pipes, changing filters and tightening and replacing screws, washers and bolts. By maintaining  your home, you can reduce the amount of a home equity loan you might need.
  • Adhere to manufacturer instructions when operating appliances. Doing so could extend the life of your appliances.
  • Care for the exterior of your home. For example,keep your lawn healthy, trim hedges and resurface your front walkway and driveway as needed.

Take out a home equity loan at the right time and the money could help to increase your overall wealth. View the loan as an investment in your home. It’s also important to approach a home equity loan as, just that, a loan. Remember that you have to pay the money back to the bank with interest, as a home equity loan is not a gift.

How To Choose The Right Art For Your Home

Once you have moved into a new home the first thing you might want to do is paint the walls. After the paint dries, however, you’re left with bare walls. You’ll need to find some great pieces to fill up that wall space. You don’t want to choose just anything to hang on your walls. Here’s some tips to help you find the perfect artwork for your home. 

Find What You Love

You shouldn’t base your art purchases solely on value. If you like something and it inspires you, you should buy it! Anything that you will enjoy looking at in your home each day should be a part of it.  

There’s More Than One Kind Of Art

You don’t need to fill wall space with all pictures or paintings. You can choose from a variety of types of artwork. From sculptures to photographs to canvas art, by using a variety of pieces, you’ll add layers of depth to every room of your home.

Shop Around

There’s so many places to buy art. From local shops and vendors to wider selections in common retail stores, there’s plenty of art to choose from. Find pieces to help you express yourself and keep good vibes flowing throughout your home. 

Find The Right Size

You’ll need to measure the dimensions of your walls and bring a photo of the room you’re trying to decorate with you to the art stores. This will make it easier to help you envision what the art will look like in your home.  

Keyword: Focal Point

The most important thing to determine in decorating any room is to find the focal point. You will either need to find a central piece for the room, or find some pieces to complement what’s already there. The design elements of the room need to be spaced accordingly in order to help you avoid a cluttered room.  

What’s Your Color Scheme? 

You may want to choose your art based on its “wow” factor. Everything has a color within a room, and this will be one element in choosing your artwork as well. You’ll need to think of everything from the wall color to the throw pillows. Art that is within the same shades of the room can work well, but sometimes you need something that gives the room a bit more “pop.” 

What’s In The Picture?

You don’t want to buy a picture of a palm tree if the room has a country theme! Consider the theme and mood of a piece of art in order to have it complement your room.

Most of all, shopping for art should be fun! Find pieces you love. You can even use what you already have. As long as it inspires you and won’t add clutter, you should keep the art in your home.  

Single-Family – 29 Bernard Rd Grafton, MA 01536 is now new to the market!

UNVEILING OPEN HOUSE SAT. JAN 14TH 11:30 – 1:00! Come view this adorable 2-bedroom bungalow w/white picket fence & loads of charm…Ready for you to call home! House situated on lot in a way that makes the .22 acres feel quite spacious, allowing plenty of space for gardens & chickens (chicken coop included!). Major updates include: NEW ROOF, HIGH EFFICIENCY BOILER & WATER HEATER all in 2013. More great features include vinyl siding, large 18×10 STORAGE SHED, FRESH PAINT through out, WASHER & DRYER, WOODEN BLINDS in most rooms, loads of windows and plenty of storage in the walkout basement. Enjoy relaxing in your 3-SEASON PORCH. Beautifully UPDATED KITCHEN & BATH with plenty of cabinet space. Master BR large enough for King size bed, bedside tables and more. Great walkability neighborhood area very close to Lake Ripple, shopping, restaurants, banks and ice cream! Commuters dream w/T-station just about 3 miles away, easy access to Mass Pike, Route 20, 122, 122A, and Rt. 30. WELCOME HOME!

This is a Ranch/Bungalow style home and features 5 total rooms, 1 full bath, 2 bedrooms, 0.22 Acres, and is currently available for $204,988.

For complete details click here.

Open house on 1/14/2017 at 29 Bernard Rd Grafton, MA 01536


Date: 01/14/2017 Time: 11:30 AM to 1:00 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

UNVEILING OPEN HOUSE SAT. JAN 14TH 11:30 – 1:00! Come view this adorable 2-bedroom bungalow w/white picket fence & loads of charm…Ready for you to call home! House situated on lot in a way that makes the .22 acres feel quite spacious, allowing plenty of space for gardens & chickens (chicken coop included!). Major updates include: NEW ROOF, HIGH EFFICIENCY BOILER & WATER HEATER all in 2013. More great features include vinyl siding, large 18×10 STORAGE SHED, FRESH PAINT through out, WASHER & DRYER, WOODEN BLINDS in most rooms, loads of windows and plenty of storage in the walkout basement. Enjoy relaxing in your 3-SEASON PORCH. Beautifully UPDATED KITCHEN & BATH with plenty of cabinet space. Master BR large enough for King size bed, bedside tables and more. Great walkability neighborhood area very close to Lake Ripple, shopping, restaurants, banks and ice cream! Commuters dream w/T-station just about 3 miles away, easy access to Mass Pike, Route 20, 122, 122A, and Rt. 30. WELCOME HOME!