Savings Corner

APRIL 4, 2024

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinance example Let’s say you still owe $100,000 on your home, and it’s currently worth $400,000. Using the cash out for home improvements is a more prudent use.”

Refinancing 52

Refinancing Work Debt Home Improvement 52

Savings Corner

DECEMBER 25, 2023

If your home has increased in value since you bought it, you may have more equity than what you’ve accrued from paying down your principal. Most lenders will require you to maintain at least 20% equity in your home. Because your home is the collateral for any kind of mortgage, you risk losing it if you can’t make the payments.

Refinancing 52

Refinancing Debt Credit Cards College Tuition 52

Savings Corner

DECEMBER 24, 2023

You might, for example, be offered financing by a home improvement store when you buy an appliance. However, many lenders prohibit the use of personal loans to cover college tuition fees. You can also get a personal loan to pay for procedures that improve your self-image, such as dental implants or cosmetic surgery.

Debt 52

Debt Credit Cards Credit College Tuition 52

Family Balance Sheet

SEPTEMBER 9, 2014

About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt. The rest was our house. But it wasn’t a decade of nothing but paying off debt.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236