Posted by LorMet Webteam on Mon, Jul 26, 2010 @ 02:00 PM
Does your home need a facelift? Or can you just do with some window dressing? Sometimes it is hard to tell because we tend to grow very accustomed to the way our homes look. While you do not want to start smaller projects that you will end up duplicating later, it doesn't hurt to start small, rather than deciding that your entire house needs to be renovated right away.
Clean up clutter
You would be amazed at how different you will feel about your home once you get rid of unnecessary items. You already know not to stockpile newspapers and magazines, but you may need to call in a good friend to help you really edit your possessions.
New fixtures and hardware
Your home will seem a little different if you get hardware for the cabinets and doors. It is also a good idea to consider replacing old faucets and showerheads with newer ones that conserve water. The look of your home will improve and you will save on utility bills.
Clean up outside, too
Dusting the inside of your home make things seem better, but what about the outside. Taking the time to clean off windows, siding and gutters makes a difference to your home's appearance and will also conserve energy.
Apply For A Home Equity Line Of Credit
If you start to give your home a few cosmetic changes and realize that you really want to do a complete overhaul, you can apply for a Home Equity Line of Credit from LorMet Community Federal Credit Union. We will open a line of credit for up to 80% of your home's value less any outstanding mortgage balance. That way, the line of credit is there so you can use smaller sums of money for the different projects you want to tackle over time. Or you can use a larger sum for a major renovation.
Posted by LorMet Webteam on Tue, Jun 29, 2010 @ 12:52 PM
Recent Events in Oberlin
A lot of great things are coming to the Oberlin area! Not too long ago, LorMet Community Federal Credit Union opened up its new branch in downtown Oberlin. That branch is housed in a 1950s bank building and a lot was done to preserve the building's original design. So while the structure was improved, it retains a lot of the flavor that the original building had back in the 1950s, including the original vault and drive-through window.
Oberlin College Recieves Grant for Energy-Efficient Improvements
Oberlin College will also be making some improvements, thanks to a grant from the federal government. The school is one of 14 organizations in Ohio to get such a grant and in total all of the recipients will get more than $10 million in grants. Ohio's Governor Ted Strickland recently announced that Oberlin College is going to get nearly $1 million in funding from the federal government for improvements at the school's dormitories. The aim is to make these buildings that house college students much more energy efficient.
The money will be used to perform energy audits, improve heating, ventilation and air conditioning systems, replace windows and install BTU meters to measure performance.
Thinking of Your Home Equity Line of Credit?
Perhaps all of this talk of improvement has you thinking about your own house. You can update your home using a home equity line of credit from LorMet Community Federal Credit Union. Your low simple interest rate is the Prime Rate minus one-half percent, as published in the Wall Street Journal the first Monday of each month. We will open a line of credit for up to 80% of your home's value less any outstanding mortgage balance. Once your “Below Prime” Equity line is open, you may borrow up to your established limit anytime you wish during your 7 year draw period.
Posted by LorMet Webteam on Mon, May 24, 2010 @ 02:13 PM
Do you look out of the window wistfully, thinking about how much you would love to make some changes to your home? There really is no need to simply wish, when you can make it happen. You have thought about it long enough; the time has come to take action.
Would you like to add a deck on the back so that you and your family and friends can enjoy summer nights eating food you have prepared on the grill? Or would you really like to finally make that porch into an enclosed porch that you could enjoy more often throughout the year, rain or shine?
A Home Equity Loan Will Allow You to Make Home Improvements This Summer
These kinds of home improvement projects are great investments. You get to enjoy them while you live in your home and they will add value and will make your house more attractive when you decide it is time to sell.
So now that you have you dreaming, you may have started to think that while it would be nice, you are not going to be able to turn these dreams into reality because you lack the funds. Do not let this stop you from improving your home for yourself now and in the future.
Get a home equity loan or home equity line of credit that will allow you to make your home a better place to live and a better place to sell. A home equity loan allows you to receive your money in one lump sum that you can put towards a special project, like an enclosed porch. A home equity line of credit allows you to borrow money for improvements anytime you wish during the life of the line.
LorMet has low rates for both home equity loans and home equity lines of credit. You can visit any of our branch locations to apply.