article thumbnail

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. Home equity loan: What is it?

Home 52
article thumbnail

Buying A House In 2023: A Step-By-Step Guide

Savings Corner

This year may go down in real estate history as the year of correction. But now, as we approach the end of 2023, inflation is much lower but home prices and mortgage rates are both sky-high. Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Save Money – Develop Important Home Owner Skills

Prairie Eco-Thrifter

With interest rates at all time lows, more foreclosures coming on the market and prices at decade low levels, you may be looking to buy a home or investment property. Heck, even to make an offer on your dream home, you have to negotiate with your spouse and family! Home Maintenance – Keeping Things Up to Snuff.

article thumbnail

Types of Investors

Prairie Eco-Thrifter

Over the weekend, during a family visit, I had a conversation with one of my nephews – a thirty something husband, father and CFO of a small company. He and his family currently live in a home in a suburban subdivision. Real estate investors. Real estate is a time honored way for individuals to invest.

article thumbnail

7 Best Investments in 2024

Savings Corner

a home down payment or a wedding). Conversely, bonds issued by large, stable companies will typically have a lower yield. Real estate Traditional real estate investing involves buying a property and selling it later for a profit, or owning property and collecting rent as a form of fixed income.

article thumbnail

50 Best Small-Business Ideas – NerdWallet

Savings Corner

Real estate business If property is your passion, there are several ways you can serve other businesses, or even individuals, with your real estate business. You could start your own real estate agency, working with businesses or private citizens to find the office space, house or apartment that’s right for them.

article thumbnail

Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

Linsey presents How Do I Work from Home with No Skills? posted at 1099 Mom , saying, “Many women want to work from home — need to work from home — but they hold no official schooling or don’t feel qualified to have a professional career from their domicile. Real Estate.

Money 133