Page 43 - Indulge April/May 2016
P. 43
When planning a home to 10 years. One drawback is if the cost of
improvement project, the the project goes up, the homeowner would
project’s scope depends on the budget, have to get a second loan to pay for the
increase. “The good point is you do lock
but the homeowner still needs to find a the rate in,” Schmidt said. “The bad news
is, if there are project overruns, you may
way to pay for it all. need to get another loan or look at other
sources for funds.”
The Neffs National Bank President/
Remortgaging: Refinancing the home’s
CEO Kevin A. Schmidt said there are several mortgage to pay for the project would spread
out the cost of the renovation over 15, 20
options for homeowners looking to pay for or even 30 years. Some of the drawbacks
could be higher fees for the remortgaging
home improvement projects: and the processing, as well as if the house
was recently remortgaged, the homeowner
Savings: Homeowners can tap into their might get a higher interest rate with the
new mortgage.
savings and other liquid assets.
“As a homeowner, it is best to sit
Investments: Consider cashing in with a loan officer to go over the options
to determine what would be best for the
How to pay for investments including stocks. A drawback individual’s situation,” Schmidt said. “You
could be if the stock market is down when should also check with a tax professional
the homeowner cashes in the stock, it might as to the deductibility of interest.”
those home not bring in the money that it would have if
the investment was held and allowed to grow. The Neffs National Bank is a full-
service, independent community bank that
Line of credit: This type of financing is has been in operation at its location for
improvements secured by your home and is similar to a more than 90 years.
credit card in that it is a variable-rate loan
— the interest rate fluctuates based on the
prime interest rate. Homeowners with a line
by Linda Doell of credit can pay it down and then keep the
line of credit for future projects.
Home equity installment loan: A
homeowner could borrow a specific amount
for the project at a fixed interest rate for up
Techo-Bloc Authorized Dealer College Crew Oars Against Wall
SEE IT. Why: Oars come from final crew tournament
BUILD IT. become a decorative element adding
LIVE IT. a rustic feel and a sense of nostalgia
to the space
Aberdeen Slabs by Techo-Bloc
Paint the Walls Gray
Why: Modern color that
accentuates pops of
color like the yellow
of the drawer
Industrial Frame
Why: Frame adds to modern rustic
theme and home photos make
the space warm and inviting
let’s make
home happen
We’ll mix in your
personal elements, add
in some new ones and
together we’ll create a
stylish functional living
space that mirrors your
personal taste.
4337 Hamilton Blvd, • pd-interiors.com • call: 610.597.8050 / 484.547.4917 • email: pdinteriors@outlook.com •
Allentown, PA 18103
abnaturalstone.com
610.398.7200
improvement project, the the project goes up, the homeowner would
project’s scope depends on the budget, have to get a second loan to pay for the
increase. “The good point is you do lock
but the homeowner still needs to find a the rate in,” Schmidt said. “The bad news
is, if there are project overruns, you may
way to pay for it all. need to get another loan or look at other
sources for funds.”
The Neffs National Bank President/
Remortgaging: Refinancing the home’s
CEO Kevin A. Schmidt said there are several mortgage to pay for the project would spread
out the cost of the renovation over 15, 20
options for homeowners looking to pay for or even 30 years. Some of the drawbacks
could be higher fees for the remortgaging
home improvement projects: and the processing, as well as if the house
was recently remortgaged, the homeowner
Savings: Homeowners can tap into their might get a higher interest rate with the
new mortgage.
savings and other liquid assets.
“As a homeowner, it is best to sit
Investments: Consider cashing in with a loan officer to go over the options
to determine what would be best for the
How to pay for investments including stocks. A drawback individual’s situation,” Schmidt said. “You
could be if the stock market is down when should also check with a tax professional
the homeowner cashes in the stock, it might as to the deductibility of interest.”
those home not bring in the money that it would have if
the investment was held and allowed to grow. The Neffs National Bank is a full-
service, independent community bank that
Line of credit: This type of financing is has been in operation at its location for
improvements secured by your home and is similar to a more than 90 years.
credit card in that it is a variable-rate loan
— the interest rate fluctuates based on the
prime interest rate. Homeowners with a line
by Linda Doell of credit can pay it down and then keep the
line of credit for future projects.
Home equity installment loan: A
homeowner could borrow a specific amount
for the project at a fixed interest rate for up
Techo-Bloc Authorized Dealer College Crew Oars Against Wall
SEE IT. Why: Oars come from final crew tournament
BUILD IT. become a decorative element adding
LIVE IT. a rustic feel and a sense of nostalgia
to the space
Aberdeen Slabs by Techo-Bloc
Paint the Walls Gray
Why: Modern color that
accentuates pops of
color like the yellow
of the drawer
Industrial Frame
Why: Frame adds to modern rustic
theme and home photos make
the space warm and inviting
let’s make
home happen
We’ll mix in your
personal elements, add
in some new ones and
together we’ll create a
stylish functional living
space that mirrors your
personal taste.
4337 Hamilton Blvd, • pd-interiors.com • call: 610.597.8050 / 484.547.4917 • email: pdinteriors@outlook.com •
Allentown, PA 18103
abnaturalstone.com
610.398.7200
