Home renovation can be a daunting task, but with the right planning and preparation, it can also be a rewarding experience. Whether you’re looking to create more space, update the look of your home, or make it more energy-efficient, add value to your property, and improve your quality of life. Here are six steps to […]
When it comes to getting access to extra cash, home owners have two main options – a cash out refinance or a home equity line of credit (HELOC). Both offer money for different reasons, but it’s important to know the difference between them before deciding which option is best for you. Let’s take a look […]
A cash out refinance is when you take out a new loan to replace your existing mortgage and you receive cash back on the transaction. This money back can be used for any purpose including home renovations, consolidating credit card debt, or other large expenses such as student loans or college tuition. Let’s take a […]
How to use a HELOC for Debt Consolidation A home equity line of credit (HELOC) is a great tool for debt consolidation. By taking advantage of your home’s equity, you can pay off your high-interest debt and reduce your monthly payments. In this article, we’ll explore how to use a HELOC for debt consolidation and […]
If you’ve been considering taking out a home equity line of credit (HELOC), you’re not alone. In the aftermath of the Great Recession, many American homeowners have turned to their home equity as a source of borrowing power. And with interest rates currently at historic lows, a HELOC can be an attractive option for those […]