Savings Corner

APRIL 4, 2024

And, as with your primary mortgage, you can expect closing costs whether you choose a home equity loan or HELOC. Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. This might help shield your budget from fluctuating-rate increases.

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Savings Corner

APRIL 4, 2024

You’ll turn in any required financial documentation. You’ll pay for a home appraisal. What to consider: Having your documentation ready before refinancing a mortgage can make the process go more smoothly and often faster. You could lower your mortgage payment and create more space in your monthly budget.

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Savings Corner

DECEMBER 27, 2023

Calculate the monthly payments Review your budget to determine what an affordable monthly payment would be. The best bad-credit lender offers the lowest annual percentage rate and monthly payments that fit your budget. Add the new loan payment to your budget On-time loan payments can build your credit.

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