Ways to Cut Mortgage Expenses
The amount you borrow, the finance charges- which combine interest and fees- and the time it takes you to repay, are the factors that make buying a home expensive. So Monson Savings Bank is helping you to find ways to reduce one or more of them to save you money.
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Making a Down Payment on a Home
A lot goes into buying a home, but one of the biggest hurdles for many is saving enough for a down payment. At Monson Savings Bank, it is important to us to help you and your family reach financial goals in order to achieve your life goals, like purchasing a home. Get started here.
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What is a Home Equity Line of Credit (HELOC)?
It has often been said that owning real estate is one of the best investments someone can make. You might not be interested in becoming a real estate investor, but simply owning a home is a real estate investment in itself. The benefits of owning a home far outweigh any of the challenges. Owning a home can offer you tax breaks, a reasonable risk-adjusted return on investment, and a guard against inflation. A huge benefit of being a homeowner is that it gives you the opportunity to build equity.
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Great Home Upgrades to Tackle with a HELOC
Upgrading your home, making repairs or adding a renovation is a great way to use a Monson Savings Bank Home Equity Line of Credit (HELOC). Not only can home improvements benefit your quality of living, some may also even increase the overall value of your home. We have created a list of home upgrade ideas that can turn your house into your dream home including some that may even increase the property's value.
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Ways to Use the Value in your Home with a HELOC
You can tap into your home's hidden value with a Monson Savings Bank Home Equity Line of Credit (HELOC). The possibilities with a HELOC are practically endless. We have compiled a list of some of the great things you could accomplish with your HELOC from Monson Savings Bank.
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