Podcast Episode 19: How to Finance Your Summer Projects

by Financial Design Studio, Inc. / June 12, 2023

High interest rates might discourage you from borrowing to work on that project in your home. But, that doesn’t need to be true. In this episode, we break down different ways to finance your summer projects from HELOCs to refinancing your mortgage.

Trevore Meyer, CFP®, and Michelle Smalenberger, CFP®

Behind the Designs Ep 19 : How to Finance Your Summer Projects

Take a listen right here, or head over to your favorite steaming platform!

Key Moments

0:27 Trevore Meyer, expert on home projects

2:06 How to finance summer projects with high interest rates?

9:54 The history of interest rates

14:24 When should you use a HELOC?

17:39 When should you use a personal loan?

21:47 What should you know about saving?

22:55 When should you use a cash out refinancing?

27:02 Should you ever borrow from retirement accounts?

29:25 How can you use your assets instead?

29:57 When should you use a reverse mortgage?

Links for How to Finance Your Summer Projects

Should you refinance your mortgage? Watch this video!

Read more about interest rates in the market.

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