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Home Equity Line of Credit in Alaska
In how many states can you see “Russia when you look out the window?” Alaska is the “Last Frontier” and has been described as Seward’s Folly and the freezer of the United States. When you sign up for a Home Equity Line of Credit in Alaska, you can improve your dwelling. There are a number of banks offering the Home Equity Line of Credit (HELOC) in Alaska; compare their rates to find the best one.
Improving Your Home in Alaska
Fishing, oil and snow might be some of the words, which best describe Alaska for many people. The state has been a destination for both the gold rush and oil rush. The long daylight and night hours might take a little getting used to.
Perhaps, you would like to make your Alaskan home, a little more eco-friendly – you can find a number of good capital sources to help you on that journey. Do you want to add solar panels to collect heat during the long days? HELOCs can help.
If your home is a little drafty, you might want to upgrade your heating system. You could even go rustic and add a traditional fireplace. Or, some rock hard landscaping could make your backyard look simply amazing.
The government is helping its citizens become more eco-friendly with Energy Star appliances. Would you like to have a more efficient HVAC system? Perhaps, you could purchase one of those tankless water heaters. Add some double pane windows to cut down on heat loss.
You could also replace your walkway, driveway and garage floors. If you use asphalt or concrete, then the harsh temperature variations can be very tough on them. They will tend to expand over time, then water will enter the cracks.
Once the water gets in the cracks, it will freeze during the winter months. This makes those small cracks become larger. You can solve this with a new driveway. Some like pavers, others like concrete. You could even use the more luxury epoxy flake floor surface for your garage.
Alaska Housing Market
Alaska is a beautiful state with an incredible natural environment. If you love the wilderness, you can ski, snow mobile or snow shoe through the country side. The fishing is also world-class.
According to Zillow, the median home value in the State of Alaska was $267,000 as of March 7, 2017. The median Zillow Home Value Index (ZHVI) for Fairbanks was $216,100 and Anchorage was $294,400. In Juneau, the median ZHVI was $319,400.
Alaska Banks Offering Home Equity Line of Credit
Do you want to upgrade your insulation? Sometimes, holes and insects can get into your rafters. You might find the insulation to be soggy, rotten and water-logged. If you don’t have the funds now, you can sign up for an Alaskan HELOC.
Banks want to help you get the money in your hands, as soon as possible. They have made their application process, easier. You will need to provide your important financial information. Here are a few Alaska banks offering HELOCs: Key Bank or Northrim Bank.
The Alaska wilderness remains untamed in some areas, but the scenery is simply amazing. Make sure that you keep up with home repairs. With a Home Equity Line of Credit in Alaska, you can raise the capital to conquer the “Last Frontier.”