What is a Home Equity Line of Credit (HELOC)?
It has often been said that owning real estate is one of the best investments someone can make. You might not be interested in becoming a real estate investor, but simply owning a home is a real estate investment in itself. The benefits of owning a home far outweigh any of the challenges. Owning a home can offer you tax breaks, a reasonable risk-adjusted return on investment, and a guard against inflation. A huge benefit of being a homeowner is that it gives you the opportunity to build equity.
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Great Home Upgrades to Tackle with a HELOC
Upgrading your home, making repairs or adding a renovation is a great way to use a Monson Savings Bank Home Equity Line of Credit (HELOC). Not only can home improvements benefit your quality of living, some may also even increase the overall value of your home. We have created a list of home upgrade ideas that can turn your house into your dream home including some that may even increase the property's value.
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Ways to Use the Value in your Home with a HELOC
You can tap into your home's hidden value with a Monson Savings Bank Home Equity Line of Credit (HELOC). The possibilities with a HELOC are practically endless. We have compiled a list of some of the great things you could accomplish with your HELOC from Monson Savings Bank.
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MSB Employee Spotlight: Charlene Kareta
If you don't know already, we have amazing employees at Monson Savings Bank and we want you get to know them. The MSB Employee Spotlight is an ongoing series highlighting the achievements, hard work, fun details and individual traits that make Monson Savings Bank employees so great! Here is what Charlene had to share about her life and experiences.
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Monson Savings Bank Expands, Bringing Back Community Banking with New East Longmeadow Branch
Monson Savings Bank expands on "where people save, businesses prosper, and communities benefit" mission with new branch in East Longmeadow. As a community bank committed to serving the local customers, business and communities since 1872, Monson Savings Bank knows the market well, staying mindful of new opportunities. In fact, when a large regional bank closed doors to a branch located in East Longmeadow, Steve Lowell, CEO of Monson Savings Bank saw it as an opportunity to open their newest branch.
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