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What home improvements add value? » Mortgage Masters Group

On average, in 2017, you can expect to get back 64% on every dollar you plow into home improvements (same as last year).

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Then, one day, you get a letter from your bank or a company like Figure.com offering you the chance to open a home equity line of credit (HELOC). It explains that this is a way to tap into the value of your home for cash. The letter says you could borrow up to $30,000 this way, for only 5% interest.

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You may be able to get a home improvement loan from your bank or credit union, or even a home equity loan, at a much lower interest rate.

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