Podcast Episode 19: How to Finance Your Summer Projects
by Financial Design Studio, Inc. / June 12, 2023High 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.
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.
Stay Connected!
If you want to hear even more episodes, like this one, be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about certain topics. We’ll see you in the next episode.
Credits for Episode 19
Executive Producer : Anna Lewis
Host : Michelle Smalenberger, CFP®
Guest : Trevore Meyer, CFP®
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Financial Design Studio, Inc.
We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.