July, 2014

Top 15 Home Improvements & How They Affect Resale Value

July 15th, 2014
Top 15 Home Improvements & How They Affect Resale Value image

Whether you’re restoring, remodeling or redecorating, all home upgrades require an investment of time, effort and money. The big question is which improvements deliver the highest return on your investment? HGTV provides the answer with a list of 15 improvements and the impact they have on your home’s resale value. Click here to see the top 15 home improvements list. Home Equity Loans from The First A home equity loan can help you turn your home into your dream house. Find out more by contacting The First at 215-860-9100 or check our loan terms and rates. What was the best [ read more ]

Is a Home Equity Loan Right for You?

July 8th, 2014
Is a Home Equity Loan Right for You? image

Determine the equity you have in your home. Take the current market value of your house and subtract your remaining mortgage payments. The difference represents the equity you’ve built up in your home. Even if the home isn’t entirely yours yet, the portion of it you do own can be used as collateral on a home equity loan. This type of loan is an option for homeowners faced with large expenses such as household improvements and repairs, college tuition, or medical bills. Home equity is the largest source of net worth for most of us, so borrowing against it represents [ read more ]