Savings Corner

APRIL 4, 2024

Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. Determining whether you qualify: Many cash-out refinance lenders require a credit score of at least 620 and at least 20 percent equity in your home. This can be a boon for your credit score. There are no limitations.

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Family Balance Sheet

DECEMBER 29, 2020

Saving more money is one of the top resolutions that people make…after getting in shape and eating healthier. One January, we received a very large credit card bill in the mail. I knew it was coming because we hadn’t planned for all of the gifts we bought in December and used a credit card to pay for them.

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Savings Corner

DECEMBER 27, 2023

And if you’re renovating a space to sell products or perform services, you may need to ask local officials for a zoning change. Many business owners rely on their own savings to get started. Usually, you can qualify for a business credit card based on your personal credit score, so these can be good tools for startup financing.

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Savings Corner

APRIL 4, 2024

Whether you need money to pay for an unexpected hospital bill, an emergency car repair or to finance some much-needed home renovations , knowing how to get a personal loan will help make the application process as smooth as possible. That may be a shock if you’re used to making minimum payments on a credit card.

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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. You can get a personal loan from online lenders, banks and credit unions, and the funds are provided in a lump sum.

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Savings Corner

APRIL 4, 2024

You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Home equity lines of credit: A HELOC is more flexible and allows you to fund multiple projects over time. As with a credit card, you borrow only what you need when you need it.

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Savings Corner

APRIL 4, 2024

The amount you can borrow with a home equity loan is based on the current market value of your home, the size of your mortgage and personal financials like your credit score and income. First, you need to have a real commitment to not build those credit card balances up again. What are average home equity loan interest rates?

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