With borrowing rates at their lowest in years, now is the perfect time to consider a Home Equity Line of Credit (HELOC) to finance your home improvement projects. Whether you're preparing your home for holiday gatherings or tackling upgrades before the cold sets in, a HELOC allows you to take advantage of reduced interest rates—with the potential for even more rate cuts on the horizon.
The average age to buy a first home is now the oldest ever on record at 36 years old.1 Diminished buying power, student loan debt, and competition from corporate investors—among other factors—have caused many young buyers to delay homebuying or consider it out of the question entirely.
In the journey toward financial stability and success, it’s easy to focus solely on the big, overarching goals. However, every step taken toward better financial health is worth celebrating.
Interested in renovating a part of your home, purchasing a big-ticket item, or making a significant life change? If so, you may be mulling over how you’ll pay for it—especially when the cost of everything is up.