Sub-Blogs

Appliance Notes is a blog where I file all the new and interesting kitchen appliances I see in the course of my work. I also include articles on choosing appliances here.
Kitschy Kitchens is a blog where I critique the worst of the worst in kitchens. Poor design, an assault on the eyes, wrong colors, wrong materials; they all can be found there. Take an amusing detour to discover what you DON'T want in a kitchen.

Saturday, January 31, 2009

Re: It's the Economy Stupid

Just ran across this article, at Kitchens.com. It's a synopsis of a discussion by a group of economists at the 2009 International Builders Show.

One paragraph caught my eye:

• Getting a home equity line of credit (HELOC) for a remodel is tough, Nothaft (Frank E. Nothaft, chief economist of Freddie Mac) said, because banks don’t want to offer what amounts to a second mortgage. Depending on when you bought your home, you may want to consider a cash-out refinance of your first mortgage instead.

This says it all for homeowners who plan to remodel but don't have all the cash they need to accomplish the task.

Peggy

Posted by Peggy Deras, CKD, CID at 1:00 PM

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2 comments:

  2. I have seen a lot of people have success with that tactic.

    ReplyDelete

Dear comment writer,

I welcome your input, as long at it pertains to the post you are commenting on.

I DO moderate all comments personally, so "Comment Spam" will not be posted and is a waste of your time and mine.

Peggy

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