Savings Corner
APRIL 4, 2024
Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. You can take advantage of tax deductions: If you use the funds for home improvements, you could take advantage of the interest deduction. This can be a boon for your credit score. There are no limitations.
Savings Corner
APRIL 4, 2024
Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. Source: ICE Mortgage Technology February 2024 “Mortgage Monitor” report Pros and cons of a home equity loan Advantages You’ll have a fixed interest rate and predictable monthly payment.
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. I think there are advantages to upgrading but I also think that starting fresh and right has its perks. Renovations can get expensive too. I must say I am unsure about how I feel. What do you think?
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