Archive - November 2015

To recap last week’s blog in a nutshell: home equity loans provide one-time lump sums that are satisfied with a fixed interest rate over a set amount of time. Got that? Welcome to part two of our lesson on equity finance: Home Equity Lines of Credit (HELOC). Home equity is to mortgages as HELOCS are to credit cards. Rather than paying back the loan in equal payments each month, you withdraw money on an as-needed basis. Though different in function, both types of equity loans carry serious

The recession of ’08 knocked the housing market flat on its face. Thankfully, the past few years have showed a steady comeback with home prices rebounding every day. With housing secured, the option for accessing home equity loans for extra cash seems more and more viable. But just because you can, does this mean you should? If you’re looking to nip credit card debt with high interest in the bud by paying it off in full, or if you’ve got your eye on a home improvement project