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Pros And Cons Of A Home Equity Line Of Credit (HELOC)

Savings Corner

Specifically, the IRS allows deductions on HELOC or home equity loan interest payments if the funds are used to “buy, build or substantially improve the residence.” This means that your rate can go up or down based on economic conditions, monetary policy and other factors. How does HELOC repayment work? Should you get a HELOC?

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What Is A Personal Loan?

Savings Corner

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. How a personal loan works A personal loan is money you borrow from a bank or other financial institution with a set repayment period and consistent monthly payments. You will also start to repay the money.

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