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Financial and Lifestyle Resources for Vermont


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

By: Matt Kilcoyne

June 27th, 2018

Low-Interest Financing Brings Home Energy Efficiency within Reach

Homebuying and Mortgages | Energy Savings | Saving and Budgeting

If you’re not sure if you can afford to improve the energy efficiency of your home, you’re in good company. Lots of people wonder not only about how to pay for home improvements but also about what upgrades make the most sense. The good news is that you can get help about both concerns. At Efficiency Vermont, it’s my job to give objective advice about lowering energy use within any budget. One of the ways that many people are able to make their dream of an efficient home a reality is with a low-interest energy loan.

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By: Mortgage Originators

May 1st, 2018

Eleven Steps to Buying a Home

Homebuying and Mortgages | Investing in the Future

If you’re buying a home, it's time to get organized! A home is one of the most expensive purchases you are likely to make in a lifetime and the homebuying process can be complicated. This is the time to decide what kind of home you want and what you need to do in order to buy it. So, take a moment to consider (and write down) the steps you’ll need to take in the months to come.

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By: Alicia White

March 28th, 2018

New Tax Laws and Home Equity Interest Deductions

Homebuying and Mortgages | Learn Something New

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: Caroline Cross

January 30th, 2018

Home Upgrade: Is it Time to Buy a Bigger House?.

Homebuying and Mortgages | Lifestyle

If you have owned your home for a while, you may be ready to upgrade to a bigger house; but before calling the movers, consider why you want to move and what the financial impact of owning a larger home could be.         

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6 Tips for Improving Your Credit Score

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By: Alicia White

January 25th, 2018

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

Homebuying and Mortgages | Credit and Debt

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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By: Heidi White

October 19th, 2017

Psychology: What You Need to Know When Buying a House

Homebuying and Mortgages

I am a passionate person, so I often have to rein in my emotions when making important decisions like buying a house. But you don’t have to be an overly intense person for your decisions to be influenced by emotion. In fact, it has long been known that emotions are the primary drivers behind human decision-making. Though our emotions can help us make quicker decisions based on past experiences, they can also get in the way of good decision-making by allowing us to sidestep our more analytic nature.

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By: Caroline Cross

March 2nd, 2017

Tiny Houses v. Mobile Homes – Low Cost Living

Homebuying and Mortgages | Saving and Budgeting | Learn Something New | Lifestyle

Listen Here:  As home prices go up, you can cut costs by moving into a tiny house or a mobile home. Tiny houses are the most affordable, but not everyone can handle a tiny living space. If you’re considering downsizing or finding a more affordable home, you can start by comparing and contrasting these two styles. 

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By: Steve Lambert

September 9th, 2016

The Benefits of Moving Aging Parents into the Home

Homebuying and Mortgages | Learn Something New

According to an article in the Burlington Free Press, “Vermont has the second highest median age in the nation," with one in six of us at or beyond 65 years of age.  Some might say this makes us the second most fortunate state in the country, as our elders possess a vast wealth of wisdom, knowledge, and experience that contribute to the vibrancy and diversity of our lives and communities. 

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