3 Ways to Use a HELOC During Retirement

Retirement Strategies Using a HELOC

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 […]

Why Cashing Out Your 401k May Hurt Your Financial Future

There are several ways to build an emergency fund to help see you through a seismic life event or an urgent financial situation, but is cashing out your 401k a good option? The Financial Impact of Cashing Out a 401k Cashing out a 401k may result in several consequences, some immediate and others that you […]

How A Fixed-Rate HELOC Option Works

How a Fixed Rate Heloc Works - Woman Using Phone and Laptop

Home equity lines of credit, or HELOCs, are a popular borrowing choice for homeowners–and the fixed-rate HELOC is no exception. While most HELOCs are variable-rate loans, the fixed-rate HELOC option is becoming more common.

HELOC vs. Cash-Out Refinance: What’s the Difference?

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 […]

HELOC vs HELOAN: What’s the difference?

So what’s the difference between a HELOC vs. home equity loan, and which one is right for you? Learn more about these two borrowing options that each use your home equity to access cash.