Tag Archives: home equity loan

Should You Get A Home Equity Loan?

If you have built up a good amount of equity in your home, you might be considering taking out a home equity loan, but is this a good idea? First, think of a home equity loan, also sometimes called a home equity line of credit as an investment tool. If you will be using the money in order to make a significant improvement to your home that will increase it’s value, then this is probably a good investment. A good example is if you remodel your kitchen or adding on additional square footage to your home. These things will generally … Continue reading →

Why Would You Take Out a Home Equity Loan?

What do you use your home equity loan for? There are as many different reasons for taking out a home equity loan, as there are home equity loans. It is important to examine the reasons that you are taking out the loan, and how soon you plan to repay that money. While there may be times when you need to use your home’s equity (a medical emergency) chances are you can avoid doing it. Many people take out a home equity loan versus another type of loan, because the interest is tax deductible. While this may seem like a good … Continue reading →

Five Tips to Paying off Credit Cards

Paying off a credit card can be a real pain. It seems to take forever! You make the payments every month like clockwork, yet somehow the balance doesn’t seem to decrease – or if it does, it’s only pennies at a time. Maybe the interest rate on your card is way too high, and it feels like you’ll be paying off the card for years to come. Here are five tips to help you pay the card off faster: 1. Call your credit card company and ask them for a lower interest rate. Depending upon your credit rating, you may … Continue reading →