Financial Literacy Tip of the Week Financing Home Improvements: Considerations for Consumers

As the seasons change and warm weather approaches, many homeowners consider moving forward with home improvement projects. This may be especially true for those with low interest rates, who opt to stay in their homes longer and seek avenues to upgrade their living spaces. Home improvement projects can be complex and may involve long-term financial commitments. Taking proactive steps, such as researching financing options and their implications, and becoming familiar with other important considerations, can help homeowners make more informed decisions and avoid common pain points associated with financing home improvements.

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