Home equity is important to have for many reasons, including to borrow against it in the form of a home equity loan or home equity line of credit (HELOC). Home equity represents funds you can use to do any of the following, or more!
You may have been thinking about refinancing your home for a while but thought the opportunity passed you by. However, rates are continuing to hover at near-record lows, making now an ideal time to consider refinancing your mortgage — especially if one of the following four reasons is relevant to you.
First-time homebuyers are frequently shocked that it's much more challenging to qualify for a mortgage than other loan types. Home loans are usually relatively large and have longer loan terms, so they are more of a risk for the lender.
Regardless of what is happening in the world around you, there are times when you simply need a new car. However, many are wondering how car buying differs now than before the current pandemic.
The holiday season has come and gone. While you can’t put a price tag on the memories made, you may now be feeling the burden of the debt you accrued in the process. If you’re feeling a bit anxious about paying back your holiday debt, there’s a relatively easy solution – debt consolidation.
Life can sometimes bring you unexpected challenges, and you might find yourself desperately in need of immediate cash. While using a payday loan may seem like a viable option, these loans can quickly spin out of control and put you into even greater debt.
One of the most powerful tools when it comes to buying a new or pre-owned vehicle is a pre-approval. With a pre-approval, you’ll have the upper-hand when it comes to negotiating with dealerships, you’ll be protected against unnecessary add-ons, and you’ll stay within your budget.
Many people turn to credit cards when financial fires need to be put out quickly. While credit cards can serve an important purpose for helping out in financial jams, they aren’t always the best options for people to consider.
Loans are useful financial tools that often make the impossible possible. For most, buying a new home or car with cash isn’t an option. Loans allow people to borrow money and repay the balance over a period of time that best fits their financial capabilities.
At some point along the way, a family member or close friend may ask you to co-sign a loan with them. While this may sound like something you’d be willing to do to help them out, you need to have all the facts in place first to understand the ramifications co-signing a loan can have on you.
