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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

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. The years leading up to the debt payoff weren’t always easy, but we are so glad we stuck with it. We were feeling pretty good about the new year.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. homeowners as of year-end 2023. . $16 homeowners as of year-end 2023. And, as with your primary mortgage, you can expect closing costs whether you choose a home equity loan or HELOC.

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