home equity Archives - Utah First Credit UnionUtah First Credit Union

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 near all-time highs and financing is pricier—a double-whammy that makes…

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…

Apr 22, 2022 / Home Equity

To Love or to List?

You may be familiar with the popular HGTV show about the great property debate: to love or list your home. The premise is simple—give homeowners a choice to make improvements on their existing property or put it on the market and find a new one.…

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…

Jun 10, 2021 / Home Equity

4 Simple Steps for Securing and Using a HELOC

There’s hot, and then there’s the Utah housing market. Coming off a week where Utah cities experienced near-record high temperatures, the scorching housing market continues to heat up just in time for the summer home-buying season. It may not be great news for potential home buyers,…

May 20, 2021 / Home Equity

The Advantages of a HELOC

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…

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…