Savings Corner

APRIL 4, 2024

Home equity can be a valuable resource for homeowners. You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Here’s how to calculate the equity in your home. You can find out how much your home is worth using a number of methods.

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Savings Corner

APRIL 4, 2024

Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process.

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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?

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Savings Corner

APRIL 4, 2024

To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. At a glance BEST HOME INSURANCE COMPANY OVERALL (TIE) 4.1 Home Rating: 4.2 At a glance BEST HOME INSURANCE COMPANY OVERALL (TIE) 4.1

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Family Balance Sheet

SEPTEMBER 9, 2014

She and her husband paid off $147,000 in debt–including their home. About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We also went through multiple job losses, surgeries, huge car repairs, etc. Welcome to Debt Free Stories. She blogs at The Debt Myth.

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