Savings Corner
APRIL 4, 2024
Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. Home equity loan: What is it?
Prairie Eco-Thrifter
FEBRUARY 3, 2013
Hmmmm, in 2008 one of the biggest fears was that credit markets would dry up causing massive restrictions in banks lending to one another and therefore massive refusals to lend money to us. Real Estate Will Always Have Value. Real Estate Will Always Have Value. Are you snapping up property at low interest rates?
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Prairie Eco-Thrifter
NOVEMBER 6, 2017
We only own one home, no land, no rentals. It seemed reasonable to devote a greater portion to real estate, in order to further diversify our portfolio. We planned our purchase in the heady days just prior to the recession of 2008/2009. Why we bought. Diversify our investment holdings. Generate an income stream.
Finally Frugal
JANUARY 12, 2011
I was questioning whether, with the sad state of the real estate market, throwing money at my second mortgage was really the intelligent thing to do, since I don't know whether I'll ever get that money back (I'm thinking not). I got some really good (and thought provoking) comments on that blog post. What does this all mean?
Prairie Eco-Thrifter
OCTOBER 31, 2012
Here, from my perspective, is how she got there and what she might want to think about doing before she actually loses her home. After a two year marriage, she divorced and came home to live with her parents. She stopped paying income tax on the rare occasions when she did have income and did not pay county real estate taxes.
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