Savings Corner

APRIL 4, 2024

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. HELOC: What is it?

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Savings Corner

APRIL 4, 2024

Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. Home equity loans drawbacks include putting your home at risk of foreclosure and their lengthy application process. to 10 percent.

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Savings Corner

DECEMBER 27, 2023

These loans come with credit-building tools, flexible repayment terms and special features for debt consolidation and home improvement projects. Direct payment to creditors with debt consolidation loans. Long repayment terms on home improvement loans. Long repayment terms on home improvement loans.

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The Frugal Girl

NOVEMBER 6, 2023

Home repairs, construction, electrical, auto repair, technology – he’ll try anything after suitable research of YouTube and other resources. I should have known he was special as he asked for a set of “Time-Life” home repair books when he was in college. He is so talented at DIY.

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