Energy-efficient home improvement projects raise homeowner’s pride
When you’re a homeowner, chances are your house isn’t exactly how you want it to be. Maybe the kitchen or a bathroom needs updating. Perhaps the windows need replacing. Or, if in an older home, your entire Heating, Ventilation and Air Conditioning (HVAC) system needs an overhaul to keep up with the seasons (and the neighbors next door).
According the National Association of REALTORS® 2017 Remodeling Impact Report, homeowners and renters remodel or redesign their home for a variety of reasons. In 2015, they spent $340 billion on remodeling alone. Homeowners deemed such projects worth the investment and time, raising both their desire to be in their home and increasing their enjoyment about it.
When it comes to HVAC replacement, 56 percent of homeowners said the top reason for doing the project was to improve energy efficiency. And once the project was done, 76 percent of homeowners said they had a greater desire to be home. Another 61 percent said they have an increased sense of enjoyment when they are home because of it.
Energy efficiency projects with our Eco-Friendly Loan
Energy-efficient projects such as replacing your HVAC system not only improve homeowners’ pride but can save you money. Other similar projects include adding dual-pane windows to keep the heat and noise out, installing solar panels to lower energy costs or purchasing energy-efficient appliances to save on electricity and gas bills.
One obstacle for homeowners may be the initial costs of these projects, a few of which can cost tens of thousands of dollars. If tapping into your home equity isn’t an option for you, why not consider Travis Credit Union’s Eco-Friendly Loan. This loan allows homeowners to borrow up to $35,000 to pay for energy-related projects as those mentioned above, as well as to purchase Energy-Star® rated appliances, including refrigerators and washing machines.
Most important, our Eco-Friendly Loan does not require any equity in your home to qualify because it is not a home loan. You can borrow from $1,000 up to $35,000, with loan terms of up to 180 months and rates as low as 6.99%*, depending on your credit.
Get started today!
With 2019 in front us, stop by a Travis branch or give us a call at (800) 877-8328 to see if our Eco-Friendly Loan is the right option for you to tackle this year’s home improvement projects. You can also apply directly at traviscu.org/apply.
If you’re not yet a homeowner, Travis Credit Union can help. Our knowledgeable and professional mortgage loan consultants will find the right home loan product for you. Visit traviscu.org/realestate or call us toll-free at (888) 698-0000 today!
Eco-Friendly Loan Apply Now
*APR (Annual Percentage Rate). For example, the payment for a $20,000 loan with a 120-month term at 6.99% is $232.14. Loan rates are based on applicant’s credit history and other underwriting factors. Borrower must provide copy of valid purchase order or invoice for qualified energy-related home improvement project. The Eco-Friendly Loan is available for purchase and installation of new furnaces, air conditioning units, solar panels, dual-pane windows and Energy Star-rated appliances; or refinance of existing loans. All loan rates are subject to change daily without notice. This is an unsecured loan and is not associated with a home loan product.