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Financial and Lifestyle Resources for Vermont

VSECU Blog

In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.

Alicia White

Alicia White has over 14 years of lending experience and specializes in home equity loans and home equity lines of credit. She lives a “simply great” life in Danville with her husband, son, two dogs, chickens, and bees. NMLS ID# 204489; VSECU NMLS ID# 416195

By: Alicia White

October 2nd, 2018

Pay for Weatherization Costs with Your Home’s Equity

Saving and Budgeting | Energy Savings

Living in the Northeast when the seasons are changing can prove costly if your home is not energy efficient. You can easily spend hundreds of dollars on a heat pump, furnace repair or replacement, a pellet stove, air sealing, insulation, ventilation, or roof repair or replacement just to name a few. The list of potential fall weatherization and energy efficiency projects is often big, and finding funds necessary to pay for such efforts may be just enough to make some people think it’s simply not affordable for them.   

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By: Alicia White

March 28th, 2018

New Tax Laws and Home Equity Interest Deductions

Learn Something New | Homebuying and Mortgages

As a result of the new tax legislation, enacted in December of 2017, homeowners will not receive tax deductions on home equity loan interest. Since the 1980’s homeowners have enjoyed a deduction for home equity interest on amounts up to $100,000. The legislation eliminated tax deductions for interest on new and existing home equity loans from 2018 through 2025. It did not eliminate deductions for interest on primary home mortgage loans.

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By: Alicia White

January 25th, 2018

Should I Get a Home Equity Loan or Line of Credit?

As you pay down the mortgage on your home, the equity you build becomes an asset you can use to secure a loan or a line of credit. You can use the loan or line of credit to make home improvements (including energy efficiency upgrades), consolidate debt, make a large purchase, pay off school loans, cover retirement expenses, or more. Because home equity loans and credit lines are secured by your house, you can get a much lower interest rate than you would if you took out an unsecured loan or used your credit card for the expense.

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