SayLending.com

smart lending guides for decision making

Comprehensive Lending Guide Bookmark Site


Use the BLOC to Finance Home Improvement

Get the Most Benefit.
  1. use an award credit card to make purchases:
    use an award credit card to fund home improvement purchases such as supplies, materials, decor and other.

    Also check whether the contractor accepts credit cards for payment. Many contractors do, so use your card if possible.

    Use your card to build up rebate points that can be redeemed for whatever you choose.

    view what's new in award credit cards


  2. use your bank equity to pay off your card balance:
    almost all award cards give you a 25-day grace period. So that is 25 days of FREE money.

    When the card balance is due, pay it all off using your bank equity. The balance on your bank equity will decrease as you deposit and hold discretionary income into the bank equity

    view how this option may work: see slide demo


  3. shop your bank equity product:
    download the bank equity specifications sheet. It will highlight what you need for the bank equity program to work. If the lender doesn't offer some the features, go with another lender.

    When the card balance is due, pay it all off using your bank equity. The balance on your bank equity will decrease as you deposit and hold discretionary income into the bank equity


Home Equity Application

BANK EQUITY for Business