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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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Big-ticket items offer solid ROI for home improvement financing

Posted on Monday, February 10, 2014 at 10:07:48 AM

The value of many popular home improvement projects continues to rise, according to Hanley Wood's 2014 Cost vs. Value Report. This statistic dropped from 2006 to 2012, but the last two years have seen that trend reversed. Now, the most cost-effective upgrade is a back-up power generator, followed closely by an attic bedroom and a deck addition.

This is good news for those interested in affordable home improvement financing. More projects are providing a quality return on investment, or ROI, and that means more money in the homeowner's pocket when it comes time to sell. However, there are still some important tips and tricks to keep in mind when tackling a large renovation. Recently, Home Loan Investment Bank's Brian Harvey explained some effective strategies to maximize the potential of any home improvement project. 

He noted that the Hanley Wood report found the value of remodeling up for the second year in a row. This is likely related to a stronger housing market and stable home values. As resale prices tick up, coupled with a mild rise in construction costs, these "big-ticket projects" have seen a dramatic increase in ROI.

"The best performing big-ticket projects continue to be attic, kitchen, basement and bedroom remodeling," said Harvey. "These projects, however, can come with a significant cost and presently do not offer the opportunity to recapture a 100 percent or higher return on the investment. Homeowners will find an ROI at the time of resale ranging between 60 percent to 80 percent on these big-ticket projects, but there are smaller replacement projects that will return an even investment and a possible gain on that investment. Decking, entry doors, garage doors, and back-up power generators all performed the best with siding and window replacement increasing as well."

In addition to a total renovation, homeowners have the option to spend home improvement financing on replacement projects instead. 

"While these have a better ROI, they are a smaller investment and innately a smaller return," stated Harvey. "They will help with resale of the home from the perspective of curb appeal, but not significantly impact the price your home is valued at. The big-ticket projects are ways to update the interior of the home and add living space. The return on these investments will be realized by the value or resale value of the home in comparison to other like properties in the area. These types of projects can be a stepping stone to improved livability and lifestyle of your home, or to offer the amenities that a buyer may be looking for and not find in similar homes."

With that in mind, anyone interested in home improvement financing should pick their projects wisely, with the goal of the biggest possible ROI when they are finished.