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Home improvement projects can be sizable undertakings. Whether trying to sell or just looking to spruce things up, the financial commitment can get as steep as the project itself. Have you considered using your Home Equity Line of Credit (HELOC) to tackle your next home improvement project? Your HELOC is a revolving loan with an open credit line from which you can make withdrawals. You only pay interest on the funds you borrow, with variable rates typically starting around the prime rate plus 2%. Think of your HELOC as a super-low-interest credit card. HELOC Pros Lower interest rates and...

Creative Uses for Your Attic Tired of using your attic space for storage? Here are eight alternative uses for this area of your home. Master Bedroom Try transforming an attic into a master suite, especially if the original master room your house has is a bit cramped. Think of a room with a natural color scheme and exposed beams. Muted green wallpaper, white paneling and white shiplap on the ceiling brighten the room and make it appear taller. Dark wood accents add richness and the minimal use of furniture enhances the room’s spacious vibe. Music Studio The attic makes a great location for a...

Money Saving Tips to Fund Your Higher Education If you’re considering going back to college to boost your credentials, you’re probably on the lookout for money-saving strategies. Here are dollar-stretching tips to keep you at the top of your class. Fill Out FAFSA If you’re looking to continue your education, your first stop should be the Free Application for Federal Student Aid website. FAFSA requires your income, housing and tax information, so be sure to have last year’s tax return ready when you apply. Plus, most colleges and universities require that you complete the FAFSA to become...

Tips to start your first mortgage on the right foot Home ownership is an exciting achievement, but it’s also a huge responsibility. Entering into home ownership when you’re ready is more important than doing so right away. Starting off on the right foot can positively impact future home-buying opportunities, while rushing into a situation you’re unprepared for can limit your options down the road. Make sure you have a clear, accurate idea of your budget before you buy your first house to confirm that you’re ready for the biggest purchase of your life. Calculate Your Available Income Your first...

Learn More About Direct Deposit It’s easy to take conveniences like direct deposit for granted without fully understanding how it works or why you should use it. You may have questions concerning direct deposit, so we want to make sure you fully understand the system. How Does Direct Deposit Work? Direct deposit forgoes the physical printing of payment checks by transferring money online through software like payroll programs. An electronic file is transmitted to or from your financial institution, which lets the recipient know which account should receive payment/deduction and how much...