Remove Building Remove College Tuition Remove Home Improvement Remove Renovation
article thumbnail

Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

Paying down your mortgage helps build equity in your home, but you don’t have to wait until you completely repay it, or sell the property, to access that equity. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs.

article thumbnail

What Is A Personal Loan?

Savings Corner

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. You might, for example, be offered financing by a home improvement store when you buy an appliance. You will also start to repay the money.

Debt 52