Love Your Area but Not Your Home? Remodel!

Your Money

June 2019

Love Your Area but Not Your Home? Remodel!

Have you considered moving because your house is outdated, too small, or just not what you need anymore? If this idea is hard to fathom because you love your location and don't want to relocate, remodeling is a great option.

Reasons to Remodel

The National Association of Realtors reported that after remodeling, 65% of people enjoyed their home more and 75% had a greater desire to spend time at home. Remodeling could not only revitalize your home, but also the way you feel about spending time there (which could save money in other areas). Here are some reasons to remodel:

? Your home needs an upgrade: If you're not happy with your home because it needs a bigger kitchen, an extra bedroom, or an additional fireplace, a renovation is the perfect solution!

? Your house will be more likely to sell: If you still aren't happy with your home after remodeling, it will be much more likely to sell with new fixtures and styling. Your home will also likely be worth more than it was prior to a remodel, which gives you more opportunity to buy a new home that fulfills your wishes.

? You love your land: It may seem easy to just move down the street if you love your location but want a new home ? but what if you love your lot specifically? Maybe it backs up to a creek or is next to your adult children, or has an in ground pool. Renovating is the perfect way to keep you where you are without giving up on your dream home.

? It's less expensive than buying a new home: In most cases, it will be much cheaper to fix up and renovate your current home than to buy a new one.

3 Tips for Remodeling

Find a Good Contractor: Be careful choosing who works on your home. The big name contractors aren't always the best ones for your job. Many times, smaller contractors have fewer overhead costs and can save you money with the same or better expertise. Be sure to check out online reviews to make sure they are doing quality work. Also, make sure they can see the dream that you are going for in your newly renovated home!

Some DIY is Okay: Lots of contractors do work hourly, so see if you can do the prep or finishing touches on your own. For instance, if you can demo the current work space safely, prepare surfaces, or paint afterwards, it could save you money. Likewise, if there is part of the renovation that you are experienced in and confident in taking on, do it yourself to save money on labor costs.

Know Your Financing Options: So now that you're convinced on renovating your home, how do you finance it? If you've been in your home for a while, it is likely that you have built up some equity. And with home prices rising, your house may be worth more than you think. Borrowing against the equity in your home can be a great and very affordable option for remodeling. Home equity loans and home equity lines of credit are exactly what you need when it's time for a home renovation.

Did You Know?

Patriot offers Home Equity Loans with rates as low as

4.24%AP*R

and no closing costs!

Give us a call at 717-709-2580 or visit a branch today to learn more!

* Annual Percentage Rate as of May 1, 2019 for a fixed rate Home Equity Loan at a 70% Loan-To-Value(LTV) Ratio for 120-month term. For example, the monthly payment would be $102.45 per $10,000 borrowed and does not include taxes and insurance premiums. Your actual payment may vary based on the loan amount, term, APR, credit worthiness, tax and insurance, and other factors. Other rates and terms are available. Rates and loan approval subject to individual credit worthiness. The minimum loan amount is $7,500 and the maximum amount is $250,000. Property must be the borrower's primary residence. Property insurance is required. Borrower is responsible for Maryland recordation tax ? amounts may vary by county and amount borrowed. Rates subject to change without notice. Patriot will pay for closing costs. If loan is paid off within 3 years, borrower is responsible for reimbursing Patriot for costs incurred. Other restrictions apply.

THIS CREDIT UNION IS FEDERALLY INSURED BY THE NATIONAL CREDIT UNION ADMINISTRATION



Card Controls and more on Patriot Mobile

We've made several upgrades on our website and mobile services to make it more convenient for members to manage their finances. This includes implementing card controls on our Patriot Mobile App, which allows you to immediately disable or enable your card, activate a new card, set travel notifications, and order a new card, giving you added convenience. Our improved mobile app also features a new, easy-to-navigate menu and Face ID capabilities (for enabled devices).

Transfer Your Balance

Save with a Patriot VISA Credit Card

Intro APR1

Until 6/30/20, for Balance Transfers Conducted Through 12/31/19

as low as

9.74%APR2 Thereafter

Relay for Life

In early June, our Patriot Cares team will be walking to raise money for the American Cancer Society in the Relay for Life of Chambersburg at Norlo Park. The team is on course to raise $5000 through donations from walk sponsors and the chicken BBQ sale.

American Cancer Society ?

Thank you

to our members for selecting us as the 2019 Best of Franklin County.

n No annual fee or balance transfer fee3

n Low minimum payments ? only $25 or 1.5% of balance, whichever is greater

n Chip-enabled (EMV) cards offering extra security

n 26-day grace period

Apply online at ,

call 888-777-9982, or visit a local branch.

1 APR = Annual Percentage Rate. Introductory APR for Balance Transfers is as low as 1.64% until 6/30/20 for balance transfers conducted through 12/31/19, with NO Balance Transfer Fee. Rate will return to the normal rate based on your credit score after 6/30/20. 2 APR at the normal variable rate of 9.74% to 17.50% based on your credit score. The APR will vary with the market based upon The Wall Street Journal Prime Rate which was 5.50% as of May 1, 2019 plus 4.24% for credit scores of over 735. All loans are subject to credit approval. Foreign Transaction Fee of 1.00% of each transaction in U.S. dollars. Must be a member. VISA? is a registered trademark of Visa International Service Association. THIS CREDIT UNION IS FEDERALLY INSURED BY THE NATIONAL CREDIT UNION ADMINISTRATION.

ATM Upgrades:

In an effort to provide a seamless member experience, we will be upgrading our ATMs this summer. This may result in temporary outages to specific ATMs. Please check our website for details beginning late June. We thank you for your cooperation during this time.

June 2019

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