The two most common options for accessing home equity are a home equity line of credit (HELOC) and a cash-out refinance. Let’s take a look at the differences between a HELOC vs. cash-out refinance and when each might make sense for your financial situation and specific needs. With every mortgage payment you make, you’re building […]
Finance for Homeowners
A home can be a powerful piece of your financial situation. This archive addresses content that is all things finance for homeowners.
If you’re a homeowner, you may have wondered how to get a home equity line of credit to access the equity in your home. While some may think that equity guarantees you access to a home equity line of credit, or HELOC, it does not mean you qualify for one. Learn more about what a […]
Conventional wisdom says that entering retirement with no debt is the goal when it comes to retirement strategies. Sure, that may be possible for some people, but there are other retirement strategies to consider should you find yourself in a different spot during your golden years. Before we get into the pros and cons of […]
When we think of home renovations, we usually imagine these projects kicking off in the spring or summer months. But more time at home this season means we’re bursting with home improvement ideas for winter, too. Winter is a great time to hunker down and tackle those projects you’ve been thinking about all year. Plus, […]
For many homeowners, low-interest rates mean one thing: it’s time to think about refinancing your mortgage. With 30- and 15-year fixed-rates hovering near record lows, these low refinance rates could be too tempting to pass up even if you’ve recently purchased your home in the past couple of years. Refinancing Your Mortgage A refinance is […]
Of course you want your home to be worth as much as possible should you ever sell it, but the other benefit of making some of the best home improvements to increase value is that those upgrades, everything from a fresh coat of paint to a new kitchen, may also make you happier while living […]