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What Is A Personal Loan?

Savings Corner

DECEMBER 24, 2023

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. Financing big events Consumers with a pricey event like a wedding , a honeymoon or a vacation often take out personal loans to fill the gaps in their budget.

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What Is A Home Equity Loan?

Savings Corner

APRIL 4, 2024

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. You also don’t have to host a wedding (go to the courthouse). While both of those kinds of big expenses can be fun, they are not reasons to hock your home.

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