Avoid Home Improvement Scams

It’s home improvement time again.

And someone with a pickup truck and a smile knocks on your door, mentions something on your home improvement to-do list, and offers to do it at a cost that seems almost too good to be true.

Steps to Avoid Home Improvement Scams

Before Hiring a Contractor:

  1. Verify the contractor has liability insurance.  If the contractor or his employees cause damage to your property, this ensures that he can make good on any damages.
  2. Require a license number.  If a worker gets injured on the job, and worker compensation insurance isn’t in place, that worker could sue both the employer and you, the property owner, for damages.
  3. Check References.  Reputable contractors with a good track record will have references from prior jobs.

Following these three steps will help you to avoid home improvement scams. Using licensed contractors and checking references is a smart move, and it protects you against unwanted liability when things don’t go as planned.

Your Home Equity this Summer

Home Equity and Home Improvement

Like SPF 30 and a good pair of flip flops, summer home improvements and home equity go hand-in-hand!

Home Equity Line:

Best for ongoing borrowing needs like a series of home improvements or a credit reserve for unexpected expenses.

  • Variable rates as low as 4.00%2 APR
  • Market-leading rates, no points, closing costs1 or fees
  • Easy access to funds with online banking or convenience checks
  • Credit lines up to $250,000

Home Equity Loan:

Ideal for one-time borrowing needs and offers predictable, fixed payments for the term of the loan.

  • Market-leading rates, no points, closing costs1 or fees
  • Fixed Rates as low as 3.74%2 APR and extended terms
  • Borrow up to 90% of your home’s value
  • A one-time payout to get your money up front
  • Loan amounts up to $250,000

Your to-do list isn’t getting any shorter. And, like summer, these rate won’t be around forever—so apply today. Stop by any branch, call  301-249-1800, or toll-free at 1-888-NASA FCU, ext. 802, or visit nasafcu.com/home-equity.


1 No closing cost offer available one time only per property. Closing costs must be repaid if line or loan is closed before 24 months.

2 Annual Percentage Rate (APR) is based on evaluation of applicant’s credit and on associated loan-to-value ratio. Your actual APR may vary. *APR=Annual Percentage Rate. Introductory APR applies only to the Home Equity Line and is for the first 6 billing cycles. Upon expiration of the intro rate, all balances will accrue interest at the variable APR in effect for your account. APRs are based on evaluation of the applicant’s credit. Your APR may vary. Other conditions apply. 4.00% Floor Rate regardless of a temporary lower Prime Rate. The APR is a variable rate and is based on the prime rate as disclosed in The Wall Street Journal plus or minus a margin based on your credit history. The rate is subject to change. Maximum APR is 18%.


We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.