Home Equity Archives - Page 3 of 4 - Utah First Credit Union

May 20, 2021 / Home Equity

Every type of loan has its advantages—credit cards are convenient, auto loans and home loans are relatively low interest, and personal loans are known for their flexibility. But what if there was a loan that had all these advantages rolled into one? A home equity line of credit (HELOC) gives you the best of a…

Apr 28, 2021 / Home Equity

How Home Values Impact Home Equity Lines of Credit

The Utah housing market has never been hotter. As a result of extremely high demand and limited supply, the median sales price for a home in Utah has increased by 20 percent in the last year alone. The current median sale price for a single-family…

Apr 07, 2021 / Home Equity

Spring Cleaning Tips to Improve Your Home’s Value

Spring is here, and among other things that means spring cleaning and home-selling season are officially underway. If you haven’t been paying attention to the Utah housing market, it’s apparently the hottest in the country. With historically low inventory and high demand, each new home…

Mar 04, 2021 / Home Equity

One Big Reason to Use Your HELOC This March

March is known for a lot of things—the luck of the Irish, the Ides of March, in like a lion and out like a lamb. March brings the first days of spring, Daylight Savings Time, Women’s History Month, and even National Dentist’s Day (yes, that…

Feb 10, 2021 / Home Equity

3 Smart Ways to Use Your HELOC

A Home Equity Line of Credit (HELOC) is one of the most flexible ways to borrow money. You can keep your line of credit at the ready as a financial safety net and advance funds to have cash on hand whenever it’s most convenient for…

Jun 10, 2020 / Home Equity

When Does Refinancing Make Sense? A Utah Homeowner’s Checklist

At Utah First Credit Union, we know Utah homeowners often wonder, “When is the right time to refinance my home?” Refinancing can be a savvy move if it aligns with your financial goals – whether that’s saving money on your monthly payment or tapping into…

Jun 11, 2019 / Home Equity

What is a Jumbo Loan?

If you’re in the market for a home with a mortgage over the traditional home loan limit of $484,350, you may also be in the market for a jumbo loan. Other than sounding somewhat intimidating, a jumbo loan is different from a traditional home mortgage…

Apr 01, 2019 / Home Equity

4 Wise Ways You Can Use Your Home Equity Line of Credit

A home equity line of credit is a versatile loan that can be used for just about anything. But because it involves borrowing money against your home’s equity, there are a few preferred ways to use your HELOC. Here are 4 wise ways to use…

Mar 15, 2019 / Home Equity

Why Every HELOC Should Have a Swing Out Feature

One of the hardest parts of having a variable rate interest loan is the unknown. You don’t have a crystal ball and you can’t predict the future. You don’t know what the market will look like a few years down the road. And that means…

Feb 13, 2019 / Home Equity

What Are the Best Ways to Consolidate Debt?

Did you know that 80% of Americans have at least some debt? It’s one of life’s constant battles. And many are fighting it on multiple fronts. If you need a little debt relief, consolidating multiple debts into a single payment with a single lender could…