article thumbnail

The Danger In Assuming

Prairie Eco-Thrifter

With just a few years separating them from retirement, they were both laid off unexpectedly, the year before I started college. Unfortunately the recession of 2008 was not an isolated incident. They can come in the form of a health scare a home repair or otherwise. Emergencies happen…to everyone.

article thumbnail

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

And, as with your primary mortgage, you can expect closing costs whether you choose a home equity loan or HELOC. Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. Why are HELOCs and home equity loans popular now?

Home 52