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

DECEMBER 27, 2023

Pros and cons of personal loans for bad credit A bad-credit loan can help you get through an emergency, consolidate other high-interest debt or make necessary home repairs, but consumers with poor credit frequently get the highest personal loan APRs and fees. To make large purchases, debt consolidation and home improvement projects.

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Savings Corner

APRIL 4, 2024

How to refinance your mortgage What happens when you refinance your home or rental property ? The refinancing process is similar to the purchase mortgage application process: The lender reviews your finances to assess your risk level and determine your eligibility. Knowing when’s a good time to refinance your mortgage is key.

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