Savings Corner

APRIL 4, 2024

Your cost to borrow could be lower: Cash-out refinances often have lower rates than home equity loans , personal loans and credit cards. You can improve your credit: If you use your equity to consolidate debt, your credit utilization could drop. This can be a boon for your credit score.

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Savings Corner

DECEMBER 24, 2023

One of the biggest benefits of a personal loan is that they often charge lower fixed interest rates when compared to other forms of lending, like credit cards. Pros Lower interest rates: Personal loans typically have lower interest rates compared to credit cards, especially if you have a high credit score.

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Savings Corner

DECEMBER 27, 2023

Home improvement : Need to add on a home office or install a swimming pool? It also provides an apples-to-apples comparison across financial products, so you can compare the cost of a personal loan to a credit card, for example. Here’s how to compare personal loans and credit cards.

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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.

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Family Balance Sheet

AUGUST 17, 2011

However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. Permanent home improvement bills should also be kept while you still own your home. Read more about receipts below.

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Prairie Eco-Thrifter

AUGUST 1, 2013

If you have credit cards, regardless of having a balance or not, don’t miss Paul from the Frugal Toad’s post about the mistakes that are all too common to make when it comes to using those cards. Have You Been Making a Big Credit Card Mistake? Home Improvements That Pay You Back.

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Prairie Eco-Thrifter

DECEMBER 7, 2014

I talked to Ron Suber, President of Prosper Marketplace, last week and about growth in other loan types including: small business, home improvement, travel and medical expenses. Using a peer loan to pay off high-interest credit cards does not mean you can run out shopping and max out your cards again.

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