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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Both typically allow you to tap up to 80 or 85 percent — even 90 percent — of your home’s value, minus your outstanding mortgage balance. Let’s look more closely at how HELOCs and home equity loans work, and how to determine which would work best for you. Home equity loan: What is it?

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Our 2023 Financial Goals

Family Balance Sheet

There are ways to reduce the costs by pursuing scholarships, starting at a community college, and working while studying. Everything is on the table and we have a lot to sort out in the next year and a half. Travel We work hard and really enjoy our time away. What financial goals did you make for the new year?

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2019 Debt Freedom Plan Update

Family Balance Sheet

Updates on our Debt Freedom Plan over the years: Our Original Debt Freedom Plan – written in March 2014. Happy New Year’s 2019: In January 2019, we were down to one final non-mortgage loan, so we created just one financial goal for the year—-to pay off that last non-mortgage debt by December.

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