Jul 07, 2020 / Home Equity

Spark Financial Freedom With Your HELOC This Summer

Summer has officially arrived!

The grills are fired up, fireworks have gone off, and chances are you’ve already started thinking about what’s next — whether that’s finally tackling a home project, taking a family vacation, or getting ahead on a financial goal that’s been hanging around a little too long.

The good news is that you already have one of the most flexible financial tools to help make it happen. Your Utah First Home Equity Line of Credit (HELOC) isn’t just something to keep in your back pocket for a “someday” emergency. It’s there to help you move forward whenever the timing feels right!

Here are a few ways you can light the fuse on your financial freedom this summer, courtesy of your Utah First HELOC.

Spark #1: Pay Off High-Interest Debt

High-interest credit card balances can really put a damper on your summer plans. 

If you’re managing multiple payments with higher interest rates, your HELOC could simplify things by consolidating those balances into one manageable payment.

That means less time stressing and more time enjoying summer.

Spark #2: Build the Backyard (or Kitchen… or Bathroom) You’ve Dreamed About

Summer has a funny way of making us notice our homes.

• Maybe you’ve been imagining backyard BBQs on a new patio.
• Maybe your kitchen could use a little love.
• Or maybe your air conditioner has started making sounds that definitely weren’t in the owner’s manual.

Whatever project has been waiting, your HELOC gives you the flexibility to tackle it when you’re ready without draining your savings all at once.

After all, home should be your favorite place to spend the summer!

Spark #3: Keep Rainy Days From Ruining Sunny Ones

Life doesn’t always stick to the plan.

• Cars break down.
• Water heaters quit.
• Unexpected expenses have impeccable timing (and not in a good way).

Having access to your HELOC can help you feel prepared if life throws you a curveball.

Hopefully, you won’t need it. But it’s nice knowing it’s there if you do.

Spark #4: Make More Memories

Financial freedom is less about how much money you have on hand and more about what those dollars make possible, like:

• Taking a family vacation
• Helping someone you love
• Celebrating a milestone
• Or finally saying “yes” to something you’ve been putting off

Your HELOC gives you the flexibility to invest in important moments while keeping your bigger financial goals in sight.

Let Freedom (and Flexibility) Ring

Financial freedom doesn’t always happen with one giant decision. Sometimes, it starts with…

• Paying off a balance
• Starting the home project you’ve been mentally planning forever
• Just knowing you have options

Whatever your next goal looks like, your Utah First HELOC is ready when you are.

So go ahead. Light the fuse on your financial goals. Your future self is already cheering you on!