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Maximizing Value YOUR HOME'S
by Sean McCarthy
Your home is one of the biggest investments you’ll make in your lifetime.
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f you need money to make renovations, you’ll want to find a reputable financial institution that understands your goals and can help your dreams to become a reality. BayCoast Mortgage Company is a wholly-owned subsidiary of BayCoast Bank, a longstanding community bank with more than 170 years of service to
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the people and businesses on the South Coast. With low inventory in a very competitive real estate market, more people may be considering renovating their current home or adding an addition instead of buying a new house. BayCoast Mortgage can help provide the right financing for your project. “Many people’s homes have increased greatly in value as prices have risen dramatically in recent years, which gives them the ability to borrow more for improvements than they might realize,” says Dan Briand, President and CEO of BayCoast Mortgage Company. “But at the same time, the inventory of current homes for sale is low. Homeowners who may need a bigger house as their families grow now face intense competition and limited choices among the few properties on the market. The reduced inventory has fueled bidding wars and multiple offers, often above the original asking
February 2022 | The South Coast Insider
price. An alternative strategy may be to renovate your existing home. We offer a variety of loan products, depending on the loan amount you need, to affordably finance home improvements.” For larger projects, such as the construction or renovation of a bathroom or living space, BayCoast offers a construction loan, where you can borrow against the future value of your home once the project is completed. This type
For more information or assistance with your next project, visit BayCoastMortgage.com or call 508-678-7641 to speak to a local representative about your financing options.
