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WHAT PEOPLE ARE SAYING

Home Loan was started to help our customers achieve their goals, and we're proud of our track record. But don't take our word for it. Here's what some of our customers have to say:


"Working with Mario [Loan Originator] at Home Loan Investment Bank made the often rocky road of refinancing smooth and almost easy. Once we sent our information to Mario he reviewed it quickly, and promptly let us know if anything was missing. We were in Arizona, the property we were refinancing was in Maine, and Mario was in Rhode Island, but working with Mario was like working with a next door neighbor!"

– Dave M.


 "In this day and age, it is rare to find true kindness, consideration and courtesy. Emily [Loan Originator] was all of those things and more. I just wanted you, her manager, to know what a really excellent job she did for us. Thank you.

– D. Gayle & Robert W.


"This is just to thank you for all of your help. We finally closed on the houses! Please know that we are very thankful to you for helping us achieve a 'new' dream in America. My husband came to America 18 years ago with one dollar in his pocket and now he owns three houses... thanks to Home Loan Bank."

– Carolina B.


"Thanks to Kristin [Loan Originator] and your bank loan, this New Year is certainly looking brighter for me and my children. I know that I am one of the many thousands of people your bank deals with on a daily basis, but I never felt like a number or an account."

– Maggie C.


"I am writing to thank your for the opportunity for us to finally bring our previously high mortgage rate down. Due to financial difficulties over the past several years, until now we have been unable to do so. The opportunity your institution has made available for us is making all the difference in us securing our financial future."

– Karen T.


 "Thank you so much for all your help on our recent loan. Your professionalism, knowledge and great customer services made it all happen."

 – Frank and Eileen S.


"I closed on a home refinance with Home Loan Investment Bank in May. Mario [Loan Originator] made the process easy and painless. Mario and Home Loan were great to work with. It was just like your neighborhood bank on the phone and over email, and they were always available to move the process forward. This was truly a once in a lifetime refinance opportunity. I have the same monthly payment for a 15 year fixed mortgage versus my old 30 year fixed mortgage. Thank you. "

– Nils M.


"Thank you for superior professionalism and just plain human compassion throughout my refinancing process."

– Sonja S.


"I have been a Real Estate Broker for over 24 years, dealt with a lot of banks, bankers and brokers and I have never been treated so kindly."

– Evelyn B.


"Lance [Loan Originator] was extremely helpful, answered all of our questions promptly, whether asked by phone or fax, and his attention to detail and follow up were commendable. It may be a level of excellence that you expect from all of your agents, but we found it exceptional and worthy of comment."

– Harold S.


"We have told other people about the great way we were treated and about the smooth refinancing experience your company and Emily [Loan Originator] provided and have referred them all to you for help in refinancing their home."

–Gay and John B.

  
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Home improvement investments poised to sustain through early 2017

Posted on Thursday, November 10, 2016 at 2:59:09 PM

Home improvement spending reached new heights in 2016, leading many economists and analysts to wonder how long investments will continue rising. Notably, there is more to home improvement financing than meets the eye, as it tends to be a somewhat major indicator of how consumers are feeling about the economy, their financial standings and more. Additionally, increased investments into improvements and upgrades can translate to higher home values, which acts as another vital component of the overall economy. 

The housing market has seen its fair share of peaks and troughs throughout the past several years, but has certainly showed new signs of life in the past two years. This increased health and activity in residential real estate is one of the key reasons why home improvement has been such a major source of consumer spending, and a new report shows that the trend is likely to continue for a while. 

At least another eight months
Harvard University's Joint Center for Housing Studies recently released its latest Leading Indicator of Remodeling Activity report, affirming that all signs point to continued growth in home improvement spending through the first two quarters of 2017. This sustained growth is set to have a positive impact on the economy by way of consumer spending, as well as home value increases and stability within the residential real estate industry. 

"Homeowner remodeling activity continues to be encouraged by rising home values and tightening for-sale inventories in many markets across the country," Joint Center for Housing Studies Managing Director Chris Herbert explained. "Yet, a recent slowdown in the expansion of single family homebuilding and existing home sales could pull remodeling growth off its peak by the second half of 2017."

The second part of that quote is very telling, and very accurate - new housing starts have been slow, and no one truly knows when construction will pick back up. Regardless, though, the rise in remodeling, renovations and improvements is balancing out the market at large. 

"Even as remodeling growth trends back down, levels of spending are expected to reach new highs by the third quarter of next year," Joint Center for Housing Studies Research Analyst Abbe Will added. "At $327 billion annually, the homeowner improvement and repair market will surpass its previous inflation-adjusted peak from 2006."

If you plan to make some improvements to your home in the near future, you should know about the financing options available. 

Financially sound improvements
Especially when you are setting out to complete a major improvement or renovation, such as building a new bathroom, gutting and replacing a kitchen from the ground up, or otherwise, you might not want to put all of the cash down up front. Rather, this is an investment, and should be treated as such, meaning that financing programs should be reviewed. 

Speak to your local community bank to understand the full range of home improvement programs available to you before finalizing your own plans to fund the projects.