Youâll often hear homeowners talking about tapping into their homeâs equity to solve a variety of financial problems. But, what exactly is home equity? And if you do tap into your homeâs equity, how can you use those funds? There are several ways to access your homeâs equity, including a Home Equity Loan and [...]
Consumer loans are any loan type given to the consumer by a creditor, either an unsecured or secured loan. That means that there are multiple types of loans that fall under the consumer loan umbrella. In this article, we will break down some of the most common consumer loans and look at their assets. [...]
A HELOC stands for Home Equity Line of Credit. This line of credit loan is based on the equity you have built in your home. In other words, itâs the difference between what your home is worth and what you have left to pay. Review the Following Example to Understand Your Homeâs Equity: Home [...]
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