Vantage Point

Are You Ready for Your (Backyard) Paradise?

If you’ve been staring out the windows into your yard wondering if now might be the time to dive into creating that epic garden wonderland—the answer is definitely, and we could help.

Despite the uncertainty of 2020, investing in your yard is a solid decision. For one, if you’re going to be home more due to social distancing, self-quarantining, and telecommuting or working remotely, it only makes sense to make your space more comfortable and relaxing. Second, home improvements and yard improvements could increase the value and curb appeal of your home.

At Vantage, you have options to turn the equity in your home into the cash you need for that grand remodeling adventure. We have two different home equity options: a home equity loan and a home equity line-of-credit (HELOC).

A Home Equity Loan: One Big Project Away from Your Paradise

With a Vantage home equity loan, you could borrow up to 100% of the equity in your home. That could be a good option if you’re looking to do a single, large project like a new deck, outdoor barbecue area, swimming pool, garage, workshop—or even your very own man cave or she shed.

A Home Equity Line-of-Credit (HELOC): A Flexible Option for Multiple Projects

On the other hand, if your backyard dreamland requires multiple projects, a HELOC might be the option best suited for you. A Vantage HELOC allows you to borrow up to 90% of the equity in your home and is a revolving line-of-credit—an amount that you can borrow and repay as many times as you need during the draw period. It’s a smart option if you’re looking to fund multi-stage projects that could take a longer amount of time to complete.

Our HELOC also provides flexible payment options, allowing you to make interest-only payments during the draw period as well as having no pre-payment penalty. So, you can draw what you need for the projects, and then make lower payments when you need and larger payments when you’re able. You determine what best fits your budget, just like you determine what’s best for your backyard.

Why not turn your backyard into the outdoor office-break space of your dreams or perhaps create a staycation paradise?

Of course, we’re not just here with options—we’re here to offer guidance. We know needs and goals are as unique as dreams for the perfect backyard dreamscape, whether a Zen garden, an island paradise, a decked out reading lounge, or even a grilling heaven. Whatever that backyard bliss requires, we’re happy to help you with the right home equity option for you to make it a reality.

Speak with a Vantage Financial Coach about your home equity options to create your backyard paradise!

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