Spring EQ

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How Smart Money Pays For Home Improvements

Posted by Spring EQ on Oct 19, 2022 4:38:11 PM

Ready to turn your house into your dream home? Before building a new bathroom or updating your aging electrical work, explore your options for financing.

Depending on the size of a home improvement project, many homeowners assume their credit card is a good option for accessing cash fast. Think again, because financing home projects on your plastic can come with some dream-crushing drawbacks.


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Topics: Cashout, HELOC, HomeEquity, FICO, credit score

homeowners love this credit score life hack

Posted by Spring EQ on Oct 10, 2022 9:33:31 AM

In this housing market, many homeowners are reassessing their goals–with home renovations and debt consolidation topping their to-do lists.

And for homeowners tapping their home's available equity to fund these goals, checking in on their credit score and seeing if they can give it a push in the right direction is step one.


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Topics: HELOC, HomeEquity, credit rating, FICO, Experian, credit score

Is a HELOC right for you?

Posted by Spring EQ on Oct 5, 2022 12:36:14 PM


Of all the ways to access your home's equity, the Home Equity Line of Credit (HELOC) may be the most misundertstood. Is it right for you?

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Topics: Cashout, HELOC, HomeEquity

New Living Space, New You

Posted by Spring EQ on Sep 14, 2022 5:03:23 PM

With the red hot housing market cooling off—and home values across America making headlines—homeowners are reimagining their living spaces. What would you do to reinvent yours?

 

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Topics: Cashout, HELOC, HomeEquity, home improvement, renovation, WFH

Rates are on the move but you have options

Posted by Spring EQ on Sep 7, 2022 9:59:40 AM

With rates on the move again, CNBC reports that "mortgage applications were 83% lower" from the same time a year ago. What does this mean if you’re a homeowner with a low mortgage rate who still wants to access cash from your home’s equity? Here are your options…

 

 

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Topics: mortgage, HELOC, finance, Financial Tips, Personal Finance, debt, debt consolidation, pay off debt

3 fast HELOC facts every homeowner should know

Posted by Spring EQ on Aug 9, 2022 12:53:00 PM


Of all the ways to access your home's equity, the Home Equity Line of Credit (HELOC) may be the most misundertstood. Is it right for you?

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Topics: Cashout, HELOC, HomeEquity

Debt Consolidation Secret Weapon

Posted by Spring EQ on Jul 31, 2022 5:20:46 PM

With CNBC stating that nearly 60% of Americans are living paycheck to paycheck, it’s no surprise that credit card debt is on the rise.

 

This mounting debt against a backdrop of record inflation could create significant financial challenges for many homeowners. So what they can do?

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Topics: Cashout, HELOC, HomeEquity, CashAccess, Financial Tips, Personal Finance, debt, debt consolidation, pay off debt

Basement Remodel Budget Tips

Posted by Spring EQ on Jul 25, 2022 3:58:15 PM

There are countless ways a finished basement can elevate your home—from home offices to guest rooms to movie rooms and more. With the right planning, your vision can become a reality. So if you're looking to add value to your home, finishing your basement could be a great option.

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Topics: Cashout, HELOC, HomeEquity, CashAccess, home improvement, remodel, Financial Tips, Personal Finance, home design, home trends, home upgrade

Do You Know Your DTI?

Posted by Spring EQ on Jul 19, 2022 1:16:56 PM

When you apply for a home equity loan, most people know FICO and credit score will play into their ability to qualify for a loan. But are you aware of the effect your debt-to-income (DTI) ratio can have?

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Topics: Cashout, HELOC, HomeEquity, CashAccess, Financial Tips, Personal Finance, CLTV, Cash Calculator, DTI, debt-to-income ratio, loan approval

Home Office Renovations

Posted by Spring EQ on Jul 14, 2022 2:47:45 PM

With many people continuing to WFH, the "home office space" continues to be on the minds of plenty of homeowners. Now, some of those who viewed their home office spaces as temporary are looking to set up a more permanent, specialized home office—in their garage.

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Topics: Cashout, HELOC, HomeEquity, CashAccess, home improvement, renovation, CLTV, Cash Calculator, WFH

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