More time at home means more opportunity for you to design your personal kitchen, bath :: WRAL.com

Every year we consider the colors and styles homeowners are gravitating towards when personalizing their new home kitchen and baths. The 2020 season, more so than ever, has given us the most poignant glimpse into how everyday living can affect our design choices. 

The global pandemic we continue to experience has resulted in families spending more time at home, altering both their needs and wants with regards to aesthetics, technology, innovative design options and energy-saving features.  

Buyers may have also found a little extra time to spend on Pinterest or watching HGTV to get inspired on the design of their new home.

“I have buyers that come in after months of being stuck at home with social distancing/COVID restrictions and they have learned what they don’t like,” said Rachel Anne Phelps, design consultant for Drees Homes.  “Through staying home,

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The top 9 reasons for personal loans

Personal loans are borrowed money that can be used for large purchases, debt consolidation, emergency expenses and much more. These loans are paid back in monthly installments over the course of typically two to six years, but it can take longer depending on your circumstances and how diligent you are with making payments.



Birdseye view of desk


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Birdseye view of desk

Here are the top six reasons to get a personal loan and when they make sense:

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  1. Debt consolidation.
  2. Alternative to a payday loan.
  3. Home remodeling.
  4. Moving costs.
  5. Emergency expenses.
  6. Appliance purchases.
  7. Vehicle financing.
  8. Wedding expenses.
  9. Vacation costs.

Get pre-qualified

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

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How personal loans work

Once you get approved for a personal loan, the funds you receive will be disbursed in a

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What should you use a personal loan for?

From an emergency to a big-ticket purchase, personal loans can provide the funding you need. (iStock)

Credit card offers pop up in your mailbox all the time — but while they can be an easy way to get quick cash, a personal loan may be a better option if you’re in need of a large amount (after all, there is such thing as a credit limit).

Personal loans can provide lower interest rates, quicker financing, shorter repayment options, and access to higher loan amounts than credit cards and other types of loans. Plus, personal loans offer lots of flexibility by putting borrowers in charge of how to use the lump sum.

To keep your personal finance in good shape, find out loan rates you qualify for using Credible. Credible can help you find an online lender with the best deals so you can save money.

5 things you

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Condo Life: Remodeling adds personal touch for condo living

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Remodeling your home can either be a smooth transition or a rocky one, but knowing the specifics of remodeling a condominium is incredibly important, as homeowners have different hurdles to face.

In the 2018 report by Livable.com, 10 Things You Absolutely Need to Know Before Renovating a Condo, the top item on the list is to consult your condo board well in advance. The reason for this is every condo building is different regarding rules and regulations about construction in the building. The condo HOA or board will then inform you of the basic guidelines for what can and can’t be done for renovations, it stated.


Addressed in the report as well are things to be aware of, such as newly constructed buildings may not yet have rules in place for renovations, and you have to be

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Should I get a personal loan for home improvements?

A homeowner’s first instinct may be to get a home equity loan or line of credit when they need money for a home improvement project. But in some cases, a personal loan could be a better choice.



a wooden bench in front of a building: House deck under renovation


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House deck under renovation

With a personal loan, you know your total borrowing costs at the time you take out the loan, and you’re borrowing a fixed amount for a certain number of years with a fixed interest rate. To determine whether or not you should get a personal loan for home improvements, consider your priorities when it comes to interest rates, secured versus unsecured borrowing and tax benefits.

Should I get a personal loan for home improvements?

A personal loan can be a great way to finance a small to mid-sized home improvement project, like new windows or a room makeover. Whether or not a personal loan is the right

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Should you take out a personal loan for a home improvement project?

Tackling a home improvement project can be costly but, with competitive rates and terms, a personal loan can give you a house to come home to. (iStock)

Home improvement projects can make a house a home. By updating a bathroom or kitchen, replacing windows, or changing the flooring in the living room, you are putting your signature touch on your home and adding value.

But these improvements can also come with a high price tag, making it difficult for the average person to pay cash for upgrades to their homes. There are many reasons to take out a personal loan, but this is one of the most popular — and can really come in handy.

What is a personal loan?

A personal loan is financed by a financial institution — a bank, credit union, or online lender and can be used for renovations, repairs, and additions to your

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The salaried are back to taking home and personal loans



RBI data: The salaried are back to taking home and personal loans


© Nishant Kumar
RBI data: The salaried are back to taking home and personal loans

Allirajan M

With restrictions imposed to curb the spread of COVID-19 pandemic easing and economic activity seeing a gradual improvement, the demand for personal loans is on an upward trajectory. Housing, vehicle, credit card and personal loans for the salaried too have seen a rebound in July. Home loans grew 12.3 per cent year-on-year (y-o-y) and stood at around Rs 13.48 trillion at the end of July, data released by the RBI (Reserve Bank of India) showed.

Personal loans increased 11.2 per cent y-o-y on an overall basis to end the month at Rs 25.31 trillion. The month-on-month (m-o-m) improvement of 1.6 per cent in the total personal loan disbursals in July was the highest since February and was better than the marginal improvement of 0.5 per cent seen in June.

Salaried drive personal loan

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