Feb 03, 2023 / Home Equity

3 Ways You Can Use a HELOC This Spring

Groundhog Day has come and gone. Punxsutawney Phil emerged from Gobbler’s Knob, saw his shadow, and went back to hiding in his hole—portending six more weeks of winter. Depending on how you feel about winter, this could be good or bad news. But if you get the feeling that the cold, snowy Utah winter is never-ending, you’re not alone. Eventually everyone gets spring fever and there’s no better way to look past the winter blues than by planning something to do when the sun starts to shine. Here are three fun ideas for using your HELOC this spring.

1. Spring Cleaning

When it comes time to emerge from a long winter of hibernation, the projects start to pile up. They might be big or small, outside or inside. No matter your particular project, spring is the perfect time to tidy up your home and start working on your long list of to-dos. A HELOC can help you landscape your yard, put up a new fence, refinish your floors, add a new coat of paint, redo your driveway, the list goes on. Whatever projects you’ve been planning (or putting off) this winter, your HELOC can help you add value to your home—the perfect reason to use your home’s equity.

2. Get Out of Town

When you’ve been locked up all winter long, there’s no better time than spring to get away. Whether you find some time during spring break or just a weekend getaway, looking forward to a spring vacation can make the last few weeks of winter much more manageable. And a HELOC can help you make your family vacation much more affordable. You’ll get a better interest rate than paying with a credit card, and you can lock in your rate at any time, so you don’t have to worry about market fluctuations making everything more expensive. Plus, you only pay for what you advance, giving you complete control over your loan and repayment plan.

3. Plan a Big Event

Outside event season is almost here. The weddings, the parties, the family get-togethers—they’ll all be back soon. If you’re getting anxious to get outside with your friends and family, a HELOC can help you make it all happen. Whether you’re wanting to put in a new pickleball court, swim in a new swimming pool, or deck out your new deck with all the fixings for a family barbecue, improving your property (and your yard appeal) is one of the best ways you can use your HELOC. You’ll add extra value to your home, while still enjoying the little things that you love with those you love.

Groundhog Day is always a great reminder of the fun to come when spring arrives—even if we have to wait six more weeks. Start planning your spring fun today with a HELOC from Utah First. Right now, you can upgrade your home, get out of town, or plan a big event with a great fixed rate. Check our site for current rates and details on 5-10 year fixed terms. It’s time to get out of the winter rut and start planning something fun with the help of a Utah First HELOC.