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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

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. Home equity loan: What is it?

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How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government. Our list includes: home owner’s insurance – due yearly. auto insurance – due yearly.

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Create a Personal Escrow Account for Your Quarterly & Yearly Bills

Family Balance Sheet

Our home-owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, we also owed the Federal government this year. I started our personal escrow account years ago, when we refinanced our mortgage. So I came up with my own system.

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Pros and Cons of Paying Off Your Mortgage Early

Prairie Eco-Thrifter

Remember the excitement of signing the contract for your first home? Unfortunately, many home-buyers over-extend themselves financially when taking out a mortgage; these days they seem to be encouraged by lenders. Are we going to lose our home? If you are in the speculative real estate market, your situation is different again.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Yeah, There’s a Calculator for That Refinancing your mortgage to a lower rate and paying the same amount is an interesting sound-byte from Personal Finance Bloggers – but has anyone really run the numbers? 20′s Finances: Hiring a Property Manager: What it Offers You Real Estate Investments can be time consuming.

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