Savings Corner

APRIL 4, 2024

Let’s look more closely at how HELOCs and home equity loans work, and how to determine which would work best for you. Source: ICE Mortgage Technology February 2024 “Mortgage Monitor” report Pros and cons of a home equity loan Advantages You’ll have a fixed interest rate and predictable monthly payment.

Home 52

Home Work Debt Credit 52

Savings Corner

APRIL 4, 2024

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. How does a cash-out refinance work? You can take advantage of tax deductions: If you use the funds for home improvements, you could take advantage of the interest deduction.

Refinancing 52

Refinancing Work Debt Home Improvement 52

Savings Corner

APRIL 4, 2024

You must also itemize deductions to take advantage of this writeoff. HELOCs can be a good option if you have substantial equity in your home and you know you’ll need access to cash with some regularity over a period of time — college tuition bills over the course of several years, for example. How does HELOC repayment work?

Credit 40

Credit Home Debt College Tuition 40

For the Mommas

SEPTEMBER 21, 2016

Photos of teary eyed parents who scrimped and saved to send their child to college and pictures of the students who worked every summer to save for college were everywhere. Sending a child off to college is not only an emotional time for parent and student alike, it can also be a strain on the wallet and savings.

College 40

College College Tuition Insurance Student 40

Savings Corner

DECEMBER 24, 2023

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. How a personal loan works A personal loan is money you borrow from a bank or other financial institution with a set repayment period and consistent monthly payments.

Debt 52

Debt Credit Cards Credit College Tuition 52

Penny Pinchin' Mom

MARCH 11, 2024

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. I make my coffee at home, pack my lunch, and go straight home after work.

Saving Money 52

Saving Money Money Saving Credit Cards 52

Savings Corner

APRIL 4, 2024

How does a home equity loan work? Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move. Tax advantages: You could be eligible for a tax deduction if you use the loan proceeds to substantially improve or repair the home.

Home 52

Home Debt Credit Cards Credit 52