Forget raindrops on roses and whiskers on kittens. A list of your favorite things includes subway tile backsplashes, recessed lighting and dual head showers. You are in heaven when scrolling through Pinterest, and can spend hours of your life at the Home Depot, running your fingers lovingly over granite counter tops and induction cooktops.

And as the housing market went like gangbusters over the last few years, you probably looked at your rising equity and thought—cha ching! Your dream home was in your grasp. Then rates skyrocketed and you realized that even though you may realize hundreds of thousands of dollars from the sale of your home, so could everyone else. That dream home you had your eye on is still frustratingly out of reach, at least for now. But that doesn’t mean you have to give up on your dreams. You can have the kitchen, the luxury shower, the landscaped garden of your dreams, and you can have it without the hassle of moving.

The typical cost of renovations in 2022 is between $15,000 and $200,000. A new bathroom with those dual shower heads and sea green tile can set you back $10,000-15,000. Gutting the living room, dining and kitchen for a whole new look is going to cost a lot more. Either way, you can utilize the equity in your home to create your own paradise through a Heritage Grove Multi Lock Home Equity Line of Credit. Rates are still low, closing costs are a fraction of what you would pay in a sale, and best of all, you can lock in the rate on your balance and even unlock it in the future if rates come down.

Questions? Call our Real Estate Lending specialists, Elena and Melody, at 503-588-0211 option 4.

We help people into their first homes, their dream homes, their retirement homes.