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. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. The difference between the two is given to you in a lump-sum payment.
Family Balance Sheet
JUNE 4, 2015
However a few years ago, we found ourselves with too much debt and not enough cash. The building offered so much potential, but needed a lot of work and we set out to renovate our dream office. The business softened, renovations were more costly than expected, and we were now the owners of two mortgages, our home and our business.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Savings Corner
APRIL 4, 2024
But it’s a revolving debt that offers an amount of funds (a replenishable balance, similar to a credit card limit) tied to the level of equity in your home. Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. HELOC: What is it?
Family Balance Sheet
SEPTEMBER 21, 2015
We carried no credit card debt and we contributed to our retirement. But in August 2013, our business softened, renovations to our new building were more costly than planned, and we were now the owners of two mortgages, our home and our business. We had a lot of debt, not enough cash flow, and very little set aside for emergencies.
Prairie Eco-Thrifter
FEBRUARY 4, 2011
Most of the conversations we had with each other over the three months was what trades to make and who was an early pick up. Punch Debt in the Face tells us why no spend challenges are for wussies. Renovations can get expensive too. Renovations like these are always worth the time and effort if you ask me. Reducing Debt.
Expert insights. Personalized for you.
52 
Let's personalize your content