Being a homeowner is a full time job.
As a homeowner, you can expect to pay for much more than just mortgage payments, taxes, and insurance.
Unlock funds with your home’s equity

A home is one of your biggest investments. Planning ahead helps you stay prepared, save money, and build long-term value.

 

 

Budget for the unexpected.

Homeownership is an exciting milestone—but it also comes with its share of surprises. From a leaky roof to a broken water heater, unexpected repairs can happen at any time. Creating an emergency savings fund specifically for home-related costs can protect your finances and give you peace of mind. Experts recommend setting aside 1-3% of your home's value each year for maintenance and repairs. Whether it's storm damage or an unforeseen plumbing issue, being financially prepared can reduce stress and help you act quickly when issues arise.

Invest in money-saving features.

Buying a programmable thermostat, installing new windows, or using energy-efficient lightbulbs may be a big expense at the time, but these are a few ways that you can save long-term.

  • Upgrade to ENERGY STAR® appliances that use less energy and water.

  • Install low-flow showerheads and faucets to reduce water usage.

  • Add extra insulation to your attic or basement to improve heating and cooling efficiency.

  • Seal windows and doors to eliminate drafts and reduce energy waste.

  • Use smart power strips to prevent electronics from drawing power when not in use.

  • Replace your HVAC filters regularly to maintain system efficiency.

  • Switch to LED or CFL lightbulbs that last longer and consume less electricity.

  • Use ceiling fans to help circulate air and reduce reliance on heating or AC.

  • Consider solar panels or solar water heaters for renewable energy savings.

  • Install a smart irrigation system to reduce water waste in your lawn or garden.

Each of these upgrades may require an upfront investment but can lead to reduced utility bills, fewer maintenance issues, and a more comfortable living environment.

Plan for long-term value.

If your current home isn’t your forever home, it’s wise to think like a future seller. Stay on top of routine maintenance—clean gutters, service HVAC systems, and inspect your roof annually—to avoid major repairs down the road. Cosmetic updates such as fresh paint, modern fixtures, or updated landscaping can increase curb appeal and attract more buyers.

Need help financing home improvements? A Home Equity Loan or Home Equity Line of Credit (HELOC) can be a cost-effective way to borrow against the value of your home and fund necessary updates or repairs. These options typically offer lower interest rates than credit cards or personal loans and may provide tax advantages.*

Make your home work for you.

Your home is more than just a place to live—it’s a long-term investment. Keeping it well-maintained, energy-efficient, and market-ready can protect that investment and help build equity over time. Whether you’re settling in for the long haul or planning your next move, smart financial planning and strategic upgrades will ensure your home serves you well for years to come.

 

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Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) from American Heritage Credit Union gives you flexible access to funds by borrowing against the equity in your home.

It’s a convenient and affordable way to finance home improvements, debt consolidation, major purchases, and more,

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Personal Loans

A Personal Loan from American Heritage Credit Union is a quick and affordable way to finance home projects, repairs, or unexpected emergencies without using your home as collateral.

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Credit Cards

A credit card is a convenient way to cover everyday home expenses, unexpected repairs, or upgrades.

With low rates, and card options, it’s a flexible tool to support your homeownership needs.

Homeowner Insights and Advice

Should You Refinance Your Home? Consider These 4 Factors.

By: American Heritage
05.07.20
Right now, you’re probably looking for ways to boost your financial security, such as by lowering your bills or building up your savings. You’re not alone. Many homeowners are doing exactly that by refinancing their home to take advantage of today’s low mortgage rates. To see if refinancing is right for you, it’s important to understand why people choose to refinance and what makes someone a good candidate for a refinance mortgage.
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Preparing for Your Next Home

By: Holly Benedetto
03.19.20
Buying and selling a home at the same time can make things complicated. Many variables must work together to create a seamless transaction and it takes a dedicated team to make this happen. You’ve identified your pain points with your current home and are ready to move on to the next phase of homeownership. Before you can buy, however, you have a home of your own to sell.
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8 Things You Can Sell to Get Extra Cash (and Space)

By: American Heritage
12.19.19
Is your home feeling a little cluttered? Want to get through the holidays, or start the new year, with a little extra cash in your pocket? If there are unused or seldom-used items taking up space in your home, consider selling them. Whether you’re purging your attic, decluttering your whole house, or getting ready to move, periodically selling off old things helps you simplify your lifestyle while earning quick cash – sometimes more than you might expect.
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Calculate Your Mortgage Payoff

Use our mortgage payoff calculator to estimate your monthly payments and see how different loan terms or extra payments can help you pay off your home faster and save on interest. It’s a simple way to plan your budget and take control of your mortgage.
Try our calculator

Ready for your New Home?

American Heritage is a full service mortgage lender and offers expert services such as our own real-estate company, First Heritage Realty Alliance. Together, we can get you into your dream home.
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