Home Equity

Congratulations on purchasing your home. You are now privileged to enjoy the thrills of home repair, maintenance, and occasional renovation. Depending on your mortgage structure, you may be paying off your home for up to thirty years. Luckily Iowa State Bank has some tips and tricks to help you reduce your repayment time. Using these three strategies, we’ll show you how to pay off more of your principal to decrease the term of your loan, and lessen your overall interest costs.   Method

Just like purchasing your home, selling it is a journey all its own. Whether you’re aiming to sell your home in one year or five, you can make a number of small changes that offer a big return on your home’s value. Try these key improvements and see the effect on your next home assessment. An eye-catching entrance. As the gateway into your home, your front door will set the tone for what’s within. Update your door bell, paint the front door, and hang a spring wreath

To recap last week’s blog in a nutshell: home equity loans provide one-time lump sums that are satisfied with a fixed interest rate over a set amount of time. Got that? Welcome to part two of our lesson on equity finance: Home Equity Lines of Credit (HELOC). Home equity is to mortgages as HELOCS are to credit cards. Rather than paying back the loan in equal payments each month, you withdraw money on an as-needed basis. Though different in function, both types of equity loans carry serious

The recession of ’08 knocked the housing market flat on its face. Thankfully, the past few years have showed a steady comeback with home prices rebounding every day. With housing secured, the option for accessing home equity loans for extra cash seems more and more viable. But just because you can, does this mean you should? If you’re looking to nip credit card debt with high interest in the bud by paying it off in full, or if you’ve got your eye on a home improvement project