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A new loan could save you money Fact checked by Michael LoganReviewed by Ebony Howard Lock Stock / Getty Images If you have a home equity loan, you might consider refinancing it by taking out a new home equity loan, a new home equity line of credit (HELOC), or a new, larger first mortgage. The…
There are some tactics you can employ to avoid disaster Reviewed by Doretha Clemon MoMo Productions / Getty Images Attaining the home of your dreams—or any home—doesn’t mean it will be safe from foreclosure. A crisis could put you at risk for foreclosure, mainly if your dream house entails significant mortgage payments. If your home…
How does the Tax Cuts and Jobs Act’s impact home equity loans? Reviewed by Lea D. UraduFact checked by Rebecca McClay seksan Mongkhonkhamsao / Getty Images Deducting home equity loan interest can save you money on your tax bill, but you have to understand the rules under the Tax Cuts and Jobs Act (TCJA) of 2017….
Here are three ways to make your monthly payments more affordable Fact checked by Michael LoganReviewed by Pamela Rodriguez Counter / Getty Images If you’re looking to refinance your home equity line of credit (HELOC), a new HELOC, a home equity loan, or a new first mortgage may be a good option. These options may…
Reviewed by Lea D. UraduFact checked by Katrina Munichiello Dejan Marjanovic / GettyImages Selling a home usually isn’t a simple process. However, it can become even more complicated and expensive if a deal progresses but eventually falls through. Therefore, as a seller, there are some things you need to know about late-stage exits. A home…
No, but there are things that older people should consider before taking on debt Fact checked by Vikki VelasquezReviewed by Lea D. Uradu Marko Geber / Getty Images Although there are no maximum age requirements for getting a home equity loan or a home equity line of credit (HELOC), you must be at least 18…
Take these steps to save money Reviewed by Julius Mansa jhorrocks / Getty Images If you’re considering selling your house, one strategy you can choose is a for sale by owner (FSBO) route. By choosing not to use a real estate agent for the sale of your property, you take on more work—but save on…
The Fed’s monetary policy can increase or decrease interest rates Reviewed by Khadija KhartitFact checked by Suzanne Kvilhaug Rudy Sulgan / Getty Images When the Fed adjusts its target rate range, banks borrow from each other at different rates and use the resulting average overnight lending rate to set mortgage rates. If the Fed raises…
Yes, so you have to be wise about whether you can afford to get one Fact checked by Vikki VelasquezReviewed by Doretha Clemon Luis Alvarez / Getty Images Once you’ve built up a decent amount of home equity, you can tap into your ownership stake to get a cash injection via a home equity loan…
