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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

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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Happy New Year!

Finally Frugal

Little did I know when I started this blog in January of 2008 that I would learn so much and come so far in my struggle to overcome my debt and control my spending. Over the past three years I've heard from so many of you who are in the same situation, either just beginning your journey or close to the end. Welcome to 2011!