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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Both typically allow you to tap up to 80 or 85 percent — even 90 percent — of your home’s value, minus your outstanding mortgage balance. Let’s look more closely at how HELOCs and home equity loans work, and how to determine which would work best for you. Home equity loan: What is it?

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Our 2023 Financial Goals

Family Balance Sheet

There are ways to reduce the costs by pursuing scholarships, starting at a community college, and working while studying. Everything is on the table and we have a lot to sort out in the next year and a half. Sidebar: Restaurants are also a budget buster for us, and I will be extra diligent in this category as well.