Savings Corner

APRIL 4, 2024

If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. Possible tax-deductible interest Even after the Tax Cuts and Jobs Act of 2017, you can still deduct interest paid on a HELOC if you use the money for home renovations. This helps keep your payments manageable.

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Credit Home Debt College Tuition 40

Savings Corner

DECEMBER 24, 2023

Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation. However, many lenders prohibit the use of personal loans to cover college tuition fees. Can anyone get a personal loan?

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Debt Credit Cards Credit College Tuition 52

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. Others use them to pay off high-interest credit card debt or other bills. $16 Both funding options allow you to use the funds however you see fit. homeowners as of year-end 2023.

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Home Work Debt Credit 52

Savings Corner

APRIL 4, 2024

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. Covering large medical bills: Health care can be incredibly expensive, and medical problems often arise unexpectedly.

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Home Debt Credit Cards Credit 52