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What Is A Personal Loan?

Savings Corner

Monthly payment: Personal loans come with a fixed monthly payment that you’ll make over the life of the loan, calculated by adding up the principal and the interest. Financing big events Consumers with a pricey event like a wedding , a honeymoon or a vacation often take out personal loans to fill the gaps in their budget.

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What Is A Home Equity Loan?

Savings Corner

Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move. Bankrate’s home equity calculator can help you estimate your exact borrowing power. This might make it easier for you to budget for and pay each month.

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