College Tuition Debt Finance Giving 
Family Balance Sheet
SEPTEMBER 9, 2014
Welcome to Debt Free Stories. She and her husband paid off $147,000 in debt–including their home. After paying off the debt, she was able to quit her job to pursue her passion. She blogs at The Debt Myth. Include anything that you’d like to add to give the reader an idea about your personality.
Savings Corner
DECEMBER 25, 2023
Say your home is valued at $200,000 and your mortgage balance is $100,000, giving you $100,000 of equity in your home. Many people use the cash from a cash-out refinance to fund large-scale home improvements, education expenses or debt consolidation. You’ll need an appraisal to determine your home’s current value.
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Savings Corner
APRIL 4, 2024
While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs.
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. Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. Home equity loan: What is it?
Family Balance Sheet
OCTOBER 15, 2021
My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. We want to assist them in financing their college years and we needed to make some progress. Side Note #2: I am not in the position to give advice on 529 accounts.
Savings Corner
APRIL 4, 2024
This can help you keep your monthly payments down and avoid unnecessary debt and interest. If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. You can only take the deduction up to a certain threshold, however, based on your total mortgage debt.
Savings Corner
APRIL 4, 2024
To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. Our goal is to give you the best advice to help you make smart personal finance decisions.
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