HELOC, FHA 203(K), and PowerPay: Which Is Better For Home Renovation Financing? There is never a one-size-fits-all solution when it comes to financing home improvements. You could use cash reserves or choose a financing option to add more amenities to your home. There are many reasons you would wish to renovate your home. Home improvements…
This week, President Biden will sign the biggest climate bill in US history—a landmark event in the fight to reduce greenhouse gas emissions and avoid the worst effects of climate change. One way the government aims to get there is by putting its giant thumb on energy markets so that cleaner options are more affordable…
They also spent more — an average of $40,600 compared to $10,000 spent by Generation X and $11,000 among baby boomers, the 2022 James Hardie Homeowner Survey found. by Terri Akman, For The Inquirer Updated Feb 23, 2022 Scot Stone and his wife, Carrie, loved the house in Meadowbrook where they moved in 2018, but the…
Most Popular Home Improvement Projects for 2022 These are the most popular home improvement projects for 2022 Kitchen and bathroom upgrades remain top of mind for homeowners. Work-from-home life continues to inspire home renovation. Renovation projects are influenced by regional factors, such as weather and housing trends. The home improvement trend that surged as people…
Financing your pool in 2021 We found this great article from Forbes.com and thought we’d share with our clients. Since we are one of the largest pool finance companies in the U.S. we can provide pool loans up to $100,000 from 4.99% for 15 years or longer. We offer no credit card options, no prepayment…
The kitchen has always been a place for gathering, but 2020 took it a step further. Now, homeowners are looking to create an inviting and entertaining space. From family meals, Zoom calls, online school, and virtual happy hours, the kitchen has and will always be the heart of the home. Here at PowerPay, we’ve seen…
Mortgage rates dropped to another fresh low — marking the 15th new record this year — and they may not be done sinking in 2020. “Rates could fall lower than their current, record-low levels,” said Matthew Speakman, an economist at Zillow. “The path forward for mortgage rates depends greatly on epidemiological developments and policy-related matters,…
Below are common loan terms that’ll help you expand your loan vocabulary so you can make a more informed decision when borrowing money. Using a loan to finance an expense—whether it’s for an automobile purchase or home improvement project—can be a smart decision. However, if you’re not familiar with certain loan terminologies, you might be…
PowerPay’s Home Office Financing: Are you reading this blog post from your home office (aka your kitchen/dining room table with your desktop and papers spread all over)? You’re definitely not the only one. 2020 taught us many valuable lessons- one of them being that when it comes to working from home, a designated office…
Here’s a little secret other home improvement lending companies don’t want you to know. While some lenders grew throughout COVID-19, many lenders that either stopped writing loans or have “tightened” their credit policy. This means that fewer and fewer customers with decent credit are being approved or “risk adjusted” which means higher interest rates. As…