SayLending.com

smart lending guides for decision making

Comprehensive Lending Guide Bookmark Site


Bank Equity Introduction

How Best to Finance Home Improvement
use the equity in your home to become a BANK to pay for
  • supplies,
  • home materials,
  • contractors,
  • home decor,
  • and anything you need for home improvement

    by simply changing the ways you manage your money.

Instead of using your checking account to receive and pay out funds, you will use your home equity line of credit account for all income deposits and expense pay outs.

View the illustrations below:

1st: Use the equity in your home to pay for home improvement

Use your equity line to pay for home improvement costs:

  • pay contractors
  • pay for supplies
  • pay for materials
  • pay for home decor
2nd: Deposit all of your income into your banker home equity line of credit account

You will take all of your income sources and deposit them into your equity line account instead of your checking account. Deposit:

  • salary income
  • capital gains
  • savings
  • spare change
3rd: Now use your banker home equity account to pay family expenses

Use your banker home equity account to pay for everyday budgeted and planned expenses such as:

  • monthly bills
  • food and clothing
  • mortgage payment
  • budgeted card charges
  • other living expenses


use it like you would
use your regular
checking account
to pay for everyday
living expenses

Benefit: Your discretionary income pay offs your home improvement costs FAST!

Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the home improvement debt balance.

Over time, you will be able to pay off your financing debts in half the time by budgeting and managing your banker home equity line.

You can also use your banker account to finance other needs such personal debt, a new car, college and other.

Where to Next

Home Equity Application

BANK EQUITY for Remodeling