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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 BLOC 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

Associated Costs for Home Improvement

  • Contractor Service
    cost for the work performed by a professional builder or home improvement contractor.

  • Supplies and Materials:
    cost for the materials and supplies used in home improvement; i.e., windows, wall paper, flooring, etc.

  • Architectural Design:
    drafting or layout of the home improvement project including specifications.

  • Inspections:
    cost for independent inspections on the home improvement project

  • Permit Fees:
    costs to government agencies for permits and other zoning variances and/or requirements

  • Other Related Expenses:
    any other expense that can be identified to complete your home improvement project


Home Equity Application

BANK EQUITY for Remodeling