Being a homeowner has its perks. Perhaps the biggest one is being able to tap into your home’s value with a home equity loan. But just owning a home doesn’t automatically mean you qualify. You’ll still need enough equity, along with the income and credit to back it up. Let’s walk through what a home equity loan is, the pros and cons to getting one, and what you’ll usually need to qualify. What Is a Home Equity Loan? A home equity loan lets you borrow against the value you’ve built up in your home. Simply put, your home acts as the collateral, and you receive the money as a lump… read more »

Central Pennsylvania’s property market continues to run red hot, which means it’s a great time to be a homeowner here in Lancaster. Even if you aren’t ready to sell just yet, strong housing prices mean every dollar spent on your home goes a little bit further. Here’s how to build equity in your home by making some smart choices about home improvements. How to Build Home Equity With Home Improvements Home improvements are a great way to get more out of your biggest investment — your house. With property prices still on the rise throughout Lancaster County, money spent on improvements that your family can enjoy today will be worth… read more »