heloc Archives - Utah First Credit Union

Feb 17, 2023 / Credit

How Revolving Credit Can Keep Your Financial Life In Balance

Revolving credit makes the financial world go ‘round. It can also help you keep your financial life in balance and prevent you from spinning circles as you try to recover from a family emergency or other unexpected expense. By giving you easy access to cash in an instant, you can pay for medical bills, car…

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…

Sep 09, 2022 / Home Equity

How Does a HELOC Work?

You’ve probably heard all about a home equity line of credit (HELOC). It’s a revolving line of credit that lets you use as much or as little of your available HELOC funds as you want, for whatever you want, whenever you need it. It’s a…

Sep 02, 2022 / Home Equity

3 Outside the Box Benefits of Having a HELOC

Everyone knows that a HELOC is a great way to access cash for a home upgrade, a big event, or a big expense like a family vacation. But did you know that your HELOC can come in handy in a few less conventional ways too.…

Jul 22, 2022 / Credit

How Does Revolving Credit Work?

Revolving credit makes the financial world go ‘round. It can also keep you from having to run circles in your financial life to apply and reapply for loans. Here is a brief overview of this revolutionary credit concept and some ways it can help you…

Jun 24, 2022 / Home Equity

3 Reasons to Improve Your Property this Summer

The Federal Reserve just announced an increase in interest rates, which means the cost of borrowing money is going up. It’s a move that affects nearly everyone, but according to Bankrate, would-be homebuyers may feel the most immediate impact. That’s because home prices are still…

May 13, 2022 / Home Equity

How Much Equity Do You Have In Your Home?

Home values are high, like the highest they’ve ever been in our humble home state. But what does that mean for you? How much home equity do you have and what can you actually do about it? If you’re curious about how much your home…

Jan 07, 2022 / Home Equity

3 Reasons Why the New Year is the Right Time to Renovate

The new year is the perfect time to evaluate life, resolve to improve, and take actual steps toward accomplishing your personal goals. It’s also a great time to do the same for your home. If you’ve been thinking about renovating, now is a great time…

Nov 05, 2021 / Home Equity

5 Creative Ways to Use a HELOC

When you hear the words “home equity line of credit” (HELOC), you might think of updating your existing home, adding more space, improving your curb appeal, or some other home-related renovation project. After all, adding value to your home is perhaps the most prudent use…

Jun 24, 2021 / Homes

Level Up Your Home

Summer is the season of home buying. But with high home prices throughout Utah and a surplus of buyers lining up for every new listing, many existing homeowners/would-be buyers are taking a wait-and-see approach. If the summer of home-buying has suddenly turned into another summer…