Did you purchase your Saint Helena LA home with the intention of moving out of it within less than 10 years as sort of an extended house flipping? Are you noticing some positive changes in your community and thinking to yourself, “Now is the time to make that move?” Mortgage rates are increasing and you know that your property’s value is increasing as well. Have you decided on some of the things that you are going to do to increase the value of your property?
Most home owners choose to add things like hot tubs, pools, decks and patios to their property. These things will bring immediate value to your home. Your home’s location is also important and so is the quality and structure of the home. Sometimes turning two tiny rooms into one guest bedroom is what will give the property a new dimension. Though staging is important at the time you are selling the property, what‘s really going to update the value of your home are the changes that become a permanent part of the property itself.
Sun Mortgage Funding Offers Saint Helena LA Residents Loans for Home Improvements
Whether you are in the market to improve your home so that you and your loved ones can enjoy it or whether you have been planning to sell your home just to make a profit, Sun Mortgage Fundingmortgage brokers can help you get the money that you need. Some Louisiana residents don’t realize that Sun Mortgage is one of their premiere local home improvement loan companies, since the company is often known for their mortgage refinance products.
However, though they are well-known mortgage brokers, they handle all sorts of other types of financial products as well including first and second mortgage loans, mortgage refinance loans, rural development loans, debt consolidation, investor loans, multi-family unit loans, refinances to get consumers the best mortgage rates and all home purchases.
Loans from Home Improvement Loan Companies versus Home Equity Loans
Many people that want to improve their home will get a home equity loan in order to do this. Though this is a popular option, it really only has one advantage over a home improvement loan. The interest on the home equity loan that you use for home improvements is going to be tax deductible along with the principle. However, with your home improvement loan, just the principle will be tax deductible.
There are several reasons that you should consider a home improvement loan. With this loan you are not using your home’s equity, causing long term damage to yourself overall. It also takes less time to close these loans and they offer fixed interest rates and lower premiums. Call Sun Trust Mortgage today at 1-800-370-2292 to schedule a free consultation!