HELOC vs Home Equity Loan
HELOCs and home equity loans are valuable financial tools that enable you to access the equity in your home without the need to take a new first mortgage. Since the proceeds can be used for just about any purpose, you can take either loan to make improvements on your home, or to cover other expenses. These can include paying off …
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What Is Debt Consolidation and How Does It Work?
If you owe more than a few thousand dollars, especially on high-interest credit cards, you’ve probably considered debt consolidation. But exactly what is debt consolidation, and how does it work? More specifically, when does it make sense, and when is it the wrong strategy? Let’s drill down into the basics of debt consolidation to help you decide when it’s the …
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How Is Passive Income Taxed?
Passive income. It’s not an exaggeration to say it’s probably the best kind of income you can earn. Simply put, it’s income you earn with little or no effort on your part. And that means you’ll be free to earn even more money doing other things – or just enjoying your life. Jeff Rose is a big advocate of passive …
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10 Best Debt Consolidation Loans for 2024
Have you been struggling to deal with credit card debt that never seems to go away? If so, a debt consolidation loan can offer a way out. It won’t make your debt go away, but it will help it become more manageable. And by setting up the right loan, you can be debt-free in a few short years. To help …
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7 Best Student Loan Refinance Companies of 2024
Are you one of the 43.4 million college graduates with an average of more than $40,000 in student loan debt? A student loan refinance may be your best opportunity to get better control of that debt. Our list of the seven best student loan refinance lenders for is designed to help you do just that, as each offers multiple refinance …
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The 4 Main Mortgage Types for Every Buyer
Discussions on mortgages usually focus on the loans as a single type. But nothing can be further from the truth. Not only are there different types of mortgage loans, but there are also different mortgage programs, not to mention mortgage lenders. We’re going to discuss both the different types of mortgage loans and the various programs that offer them. However, …
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