How to get a grill-worthy setup by summer 🌞
| | | HELOCs borrow against your home’s equity, making them a smart choice for building the fancy-wood deck of your dreams. | | | | | Picture this: It’s almost barbecue season and you want to splurge on a new deck (because someone’s gotta step it up for the annual family reunion), but you don’t want to put it all on your credit card.
The solution? Paying with a home equity line of credit (HELOC), which lets you put the hard-earned equity you’ve built in your home to work. Your loan comes with a low interest rate and flexible borrowing terms so everything is smooth sailing until, suddenly, what you thought would be a $10,000 renovation quickly becomes a $20,000 renovation. How’d that happen? Well you wanted the fancy wood and the nice tables.
Other people might have been stressed but you were smart and got a HELOC which lets you borrow exactly as much as you need. In the end, you’re left with a grand deck that will greatly add to the re-sale value of your home. The only issue is: how are you ever supposed to leave a home with the most epic deck ever?
| | | | | | Discover the personalized insights you need to make smart money moves – at home or on the go. | | | | | You got this message because you signed up to receive NerdWallet emails. We love having you, but we won’t take it personally if you want to unsubscribe.
Got a question about NerdWallet, your money, or just want to say hi? Visit our help center. NerdWallet Compare, Inc. NMLS ID# 1617539 NMLS Consumer Access | Licenses and Disclosures
California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812.
Insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. OK92033) | Licenses
NerdWallet™ | 4150 N Drinkwater Blvd Suite 200 | Scottsdale, AZ 85251 | | | | | | | |