Marcus by Goldman Sachs® Reveals What Homeowners Would Sacrifice for Their Dream Home
May 01 2018 - 9:00AM
Business Wire
National Home Improvement Month is the perfect time of year for
people to improve one of their most valuable assets, their home. To
kick off the month, Marcus by Goldman Sachs® reveals the results of
a recent study to uncover what homeowners would sacrifice in order
to make their renovation dreams a reality.
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the full release here:
https://www.businesswire.com/news/home/20180501005303/en/
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Survey:
The survey revealed that 57% of homeowners planning to make home
improvements this year would sacrifice their smart phone for 30
days if it meant they could renovate their home into their dream
home for free, while 43% would give up sex for 30 days and nearly
half (47%) would give up drinking alcohol for a year.
How do homeowners plan to fund their home renovation?
Nearly 1 in 4 homeowners who are planning for home improvements
this year (24%) plan on using a credit card as their primary source
of financing for their project. The survey findings also revealed
that when it comes to financing a home improvement project, 39% of
homeowners are most concerned about incurring fees -- more so than
having to borrow against their home (28%), the funds being
controlled by a contractor (14%), dealing with variable rates
(13%), or getting your home appraised (6%).
To help homeowners with their renovation projects, Marcus has
teamed up with home renovation expert, JoJo Fletcher, to
share her budget friendly home renovation tips.
“Think about small changes you can make if you don’t have the
time to take on a big project right now. You can instantly freshen
up any kitchen by refinishing your cabinets with a bright white
coat of paint. When it comes to financing, I recommend homeowners
explore all their options in order to get the most out of their
budget,” said JoJo Fletcher, ambassador for Marcus by Goldman
Sachs®. “Whether it’s a quick retouch to freshen up the kitchen, or
an ambitious remodel, I recommend homeowners consider various
financing options. For instance, Marcus offers no-fee, fixed rate
home improvement loans up to $40,000
which could be a better option than putting renovation costs on a
higher interest credit card, or borrowing against your home’s
equity. Applying for a loan is easy and you can see your offers in
as little as five minutes.”
To learn more about a Marcus home improvement loan and get
additional tips for your home renovation project from JoJo Fletcher
visit: www.marcus.com.
About Marcus by Goldman Sachs®:
Marcus by Goldman Sachs ® offers products and tools designed to
help people achieve financial well-being. Marcus offers no-fee,
fixed-rate unsecured personal loans, high-yield online savings
accounts and certificates of deposit in a variety of terms as well
as home improvement loans. Marcus is supported by the Goldman Sachs
Group, Inc. (NYSE: GS) and its 148-year history of financial
expertise, risk management and customer service.
About Marcus by Goldman Sachs ® Home Improvement
Loans:
Marcus home improvement loans have no fees ever. No sign-up
fees, no late fees (customers only pay interest for the additional
days) and no prepayment fees. The application process is easy, and
does not require a home appraisal or borrowing against your home.
Once approved, most Marcus customers receive their funds within
four days along with complete control over how they use their funds
without being committed to pre-approved projects or a single
contractor. Loans range from $3,500 to $40,000 for periods of three
to six years, providing creditworthy customers with a smart and
simple solution for investing in a home renovation.
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version on businesswire.com: https://www.businesswire.com/news/home/20180501005303/en/
Media:Goldman SachsAndrew Williams, 212-902-5400orZeno
GroupCathleen Koo, 212-299-8984
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