What Is A Small Home Improvement Loan?

A small home improvement loan is a loan that you get when you are thinking of making an improvement on your home. These loans are often based on the equity of your home; this is the form of collateral that is used in most cases.

Home improvement loans are based on the amount of money you want to borrow compared to the amount of equity you have already on your home. Before just applying for a loan to improve your home, you may want to explore all options available to you. You may want to get information from several lenders about what their terms are before you use only one lender’s offers.

When looking for a lender you can locate one in your area by using your local yellow pages. If you are unable to find a lender in your area you should also be able to find many lenders online that will offer you a small home improvement loan.

Quotes

In most cases you may find the best deal, for a small home improvement loan, online. If you want to know more information about a lender’s offers you can often times ask them to provide you with quotes. This may be the best way of comparing lenders, comparing the quote that each lender gives you. In the quote you will most often be able to see how much money you are able to borrow, how long the loan will be for, and what your interest rates will be. When looking for a small home improvement loan you may want to keep in mind that there are many different lenders available and they do not all offer the exact same loan terms. When you are looking online you may want to have each lender e-mail all the information they can about the loans that they are offering. This will give you a good idea of what to expect when you are finally ready to apply.

Finding A Loan Online

When searching for a small home improvement loan online you should remember that you are providing your personal information to a lender. In most cases you have no need to worry, but you should still proceed with caution. You will want to make sure that you are using a secure site and that your information is not going to be used by a third party.

In most cases a paddle lock symbol will appear on the bottom of the page and this is a way of knowing that the site you are using is indeed secure. When it comes to a third party getting your information you may want to let the online lender know that you do not wish for your information to be used by anyone, except them. This is probably your best bet when you are unsure whether they will automatically offer your information to anyone outside of their company.

A small home improvement loan is one of the best ways to get the funds to improve on your home. Online lenders also tend to be a little more competitive then local lenders. They will often times offer you a lower interest rate because they want to keep your business. If you find a lender that has offered you a better interest rate it is always possible to tell another lender about it, and see if they will change their rate to match it. Online lenders are also able to offer you lower rates because they do not have the cost that a local lender would, they normally do not have to worry about any high business costs.

Winter Home Improvement Tips

Most people wouldn’t think of the end of the fall or early winter for home improvements, but making small home improvements can save you big on your home energy costs this winter.

Let’s look at some winter Home Improvement ideas:

The fireplace – Getting our fireplace ready will certainly yield to better savings. Make sure that the dumper is tightly sealed when not using it. A small space would let the cold air rush in and send the warm air out. If you are using an electric heating system, an opening in the fireplace will mean a lot more work to maintain a warm, energy efficient home.

When you decide to use the fireplace, you can turn down your heater. This will save you as much as 8% on heating cost.

The furnace – The furnace will work extra effort if the filter is full of dirt. This will equate to home energy waste since the furnace will consume more power against the service it brings. To avoid this, make sure that your filter is clean. The owner’s manual will tell you how to clean the filter. A clean filter will let you breath clean air around your house. A clean filter saves you 5% on heating cost.

The duct – Small leaks in the duct will certainly result in lost heat so make sure that this is regularly checked. Insulate the ducts by wrapping it with R-6 or higher fiberglass. Never use cloth-backed tapes. You can also wrap them with UL-approved metallic or plastic tapes and mastic sealants. Note that leaking ducts make your heating system work 30% more so make sure they are sealed and secured.

Solar heat – You don’t need to have solar panels on your roof to use the sun as a source of heat. All you have to do is use open your drapes during the day to warn your room without using electricity. Just close them at night to keep the warn air inside. Reduction of the use of heating system during the day will let you cut as much as 10% on your home energy consumption. Now that’s being efficient!

Openings – Openings around your doors, windows, and joints will let cold air outside come in and the warm air from your home go out. Make sure that these openings are sealed with either sealant or weatherstripping. It will help reduce the work of the heating system immensely.

The Thermostat – A programmable thermostat or a centralized heating system will let you save on heating costs. The programmable thermostat will let you set your desired at a specific period of the day. This is very useful if you are leaving your home or are going to sleep overnight. The centralized heating system on the other hand will give you the ultimate control of the temperature of every room. These 2 will let you decide how warm any one room can be. One interesting thing to note is that a centigrade lower on your heating system will let you save as much as 5% on your heating cost.

Many people neglect to truly prepare their homes for the winter season, and as a result, they pay for it big time in sky rocketed utility bills. Why? Because you need to warm you home and that doesn’t come cheap these days. This consumes the biggest portion of our electric bill. Fortunately, there are measures we can take to lower our utility bills during the winter season.

But for those who are conscious enough to notice, winter means larger electric bills. Yes, it is true. Aside from summer, winter is the season of the year where your electric bills skyrocket to digits that cost you financial burden.

As you can see, there are many trouble spots in your home which require some attention during the winter season.