ENB Insights

In our most recent online poll, we asked our customers: what is preventing you from applying for a Home Equity Loan or Line of Credit?

Do you feel like you are being bombarded with Home Equity advertisements from banks and credit unions you’ve never even heard of at every turn? While you may be tempted to apply for these offers, it may actually be more beneficial to consult with your banker where you have your banking relationship.

No matter how experienced you are, buying a new home is always daunting. A main reason is the commitment involved.  When taking out a mortgage, you are literally putting your home on the line because failure to make payments puts your home at risk.  For that reason, it’s important to determine what you can realistically pay for your next home.

Are you dreaming of owning your own home? Are you thinking that you can’t afford to buy a home so you continue to pay rent? Buying your first home may be more affordable than you think.

In our most recent online poll we asked, “Is it wise to use a home equity loan for general living expenses?” The majority of respondents said “no,” and we would agree. Using a home equity loan for general living expenses creates an opportunity for you to spend more than you earn.

This is a question we receive quite often at ENB. However, before we talk about how a home equity loan and home equity line of credit are different, it’s important to note how they are the same.

We all know that getting ready for vacation can be a stressful time. However, with a little preplanning you can have smooth sailing to your destination. We put together a list of our top travel tips and we hope they help to make your travel days less stressful.

There are two questions you should consider when making your list of possible home improvement projects. Do you plan to sell your home soon? And, do you mind if project does not increase the value of your home? If you answered yes to either of these questions, you might want to cross these projects off your list.

Wouldn’t it be great to have an unlimited budget for home improvement projects? In reality, most homeowners are working on a small home improvement budget. Here are five home improvement projects that can help either save you money or can increase the value of your home.

The purchase of a home is one of the largest financial transactions you can make, so it’s important to make the right decisions and to keep an eye on the details. With the assistance of your Real Estate Agent and Mortgage Expert, it should be an efficient, pleasant, and ultimately rewarding experience.