article thumbnail

What Is A Home Equity Loan?

Savings Corner

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.

Home 52
article thumbnail

What Is A Personal Loan?

Savings Corner

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. Instead of putting down cash as collateral, you may be able to use other assets, such as a home, boat or car.

Debt 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Personal Loans: Compare Top Lenders, Rates

Savings Corner

Lenders primarily use your financial and credit information to determine your rate, but may consider additional information like whether you own your home, your education level and your employer. Home improvement : Need to add on a home office or install a swimming pool? Compare any loan with interest-free options.

Debt 40
article thumbnail

Find out how Jessica & Her Husband Paid off $175,000 of Debt

Family Balance Sheet

I am a stay at home mom to 3 kiddos and a cockapoo named Otis. My husband and I own our wedding photography business called Blue Vinyl Photography that we have been running together for the past 5 years! We live a pretty busy lives and when given free weekends at home we love spending time at home on our little farm.

Debt 100