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CEO Corner - Love It or List
4/1/2017

The snow has melted and spring has finally arrived!
 
Perhaps your winter hibernation was spent with nagging home improvement projects, or in a home that didn’t meet your family’s needs. What should you do if your current home isn’t measuring up? Christian Financial can help you, whether you decide to “Love it or List it.”

As your family expands – or downsizes – you have important decisions to make about whether you should make those long-awaited home improvements or sell your existing home to purchase a new one.

Christian Financial’s Home Equity Line of Credit (HELOC) is a great option if you’re considering making some home improvements. Members can borrow up to 80% of their home’s value for new flooring, an updated kitchen, a new roof, or a myriad of other home improvement projects. With rates as low as 4.50% APR* and terms of 10 years, a HELOC can also assist with large expenses like paying for college or consolidating debt. In addition, for a limited time, Christian Financial will pay up to $350 of the closing costs associated with a HELOC.

Conversely, purchasing a new home may be a better option for you. Christian Financial’s mortgage partner, Mortgage Center, can help make this goal attainable. Mortgage Center offers a variety of mortgage options, including FHA, conventional and VA home loans. They even offer a HomeReady mortgage that allows extended household members’ income to help you qualify with low down payment alternatives.

While interest rates are on the rise, they are still at near historic lows. If you haven’t explored the possibility of refinancing your home, now is the time to do so. In addition to saving money on your monthly payments, you could shorten the term of your loan or take cash out to make home improvement projects. Mortgage Center’s helpful representatives are happy to assist you through this process and determine the best option for you.
If you would like a Financial Service Representative to contact you about your options for home improvement loans, a new mortgage or refinance, visit christianfinancialcu.org/contactus and someone will be in touch shortly.

Wishing you a Happy Easter and productive spring!
 
For You & Because of You –


*APR = Annual Percentage Rate. Rates based on credit history and subject to change without notice