What Should be Taken into Consideration When Remodeling a Home?
Posted On: April 1, 2023 by Prevail Bank in: Home Loans
Remodeling a home can be an exciting and rewarding experience, but it also requires a considerable amount of time, effort, and money. Carefully consider the pros and cons of remodeling before taking on such a project. Homeowners typically consider remodeling when their current living space no longer meets their needs, or if they want to make improvements that will increase the value of their property.
What are the Pros and...
5 Tips to Build Equity in Your Home
Posted On: March 1, 2022 by Prevail Bank in: Home Loans
Home equity is the difference between the balance on your mortgage and the current value of your home. For example, if you have $225,000 left on your mortgage and the present value of your home is $310,000, you have $85,000 of equity in your home.
Is equity in a house good?Equity is important because it is considered an asset and counts toward your total net worth.
As long as you’re paying down your loan and the market value of...Featured Blogs
Celebrate Giving Tuesday with Prevail Bank
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