![]() |
Reasons To Get A Home Equity LoanUsing a home equity loan really depends on what your needs, wants and desires are that prompt you to take the home equity loan in the first place. The most common reason people obtain the loan is for debt consolidation however other uses include home improvements, educational expenses, unexpected family emergencies, medical expenses and in some cases for big ticket purchases. As expected debt consolidation is the primary reason many people obtain a home equity loan. The thinking is sound especially if they're stuck paying anywhere from 17% to 21% in credit card debt. Department store cards are another money eater that using a home equity loan to pay off could be considered smart. Paying for an education with the loan could prove beneficial in the long run but I'm hesitant to advocate taking out a loan for that reason. The only other reason I could recommend getting a home equity loan would be to pay for a home improvement project that could increase your home's value and could also make you feel better about your house. For absolutely no reason would I ever advise anyone to take a home equity loan out to make a big ticket purchase. It simply doesn't make financial sense in the long run. As far as for medical reasons or family emergencies I would take that case by case to determine if it would be a smart decision. Timothy Gorman is a successful webmaster and publisher of Military-Loans-Online.com. He provides more free financial information and home equity loan uses that you can research in your pajamas on his website. Other websites operated by Tim Cellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans. Best-Free-Insurance-Quotes.com - Offers discount auto, life and home insurance.
Today's Mortgage and Refinance Rates: March 19, 2023 | Rates Could Drop Further if SVB Run Causes Fed Pivot Business Insider Mortgage Lenders Are Selling Homebuyers a Lie The Washington Post Today's best mortgage deal? 15-year rates are the lowest available at 5.49% | March 17, 2023 Fox Business Refinancing your mortgage could save you thousands — here are some of the best refinance lenders CNBC Today's Mortgage, Refinance Rates: March 18, 2023 | SVB Collapse ... Business Insider Today's refinance rates move lower : March 9, 2023 Bankrate.com Today's Mortgage and Refinance Rates: February 26, 2023 | As ... Business Insider Renegotiate, refinance or request a delay: what to do if you’re struggling to pay your mortgage The Guardian Move 2300 Aussies are making every day news.com.au Mortgage Rates Today, Feb. 18, & Rate Forecast For Next Week The Mortgage Reports Hutchins Roundup: Worker migration, mortgage access disparities, and more Brookings Institution Is Refinancing an Auto Loan Worth It? Yahoo Finance Payday Loans Online: Same Day Approval Options Explored Kansas City Star Justice Department and Consumer Financial Protection Bureau File ... Department of Justice SRC signs deal with Alrajhi to refinance $1.3bn of real estate ... Construction Week Online Mortgage Refinance Rates SFGATE CFPB Launches Effort to Spur New Opportunities for Homeowners ... Consumer Financial Protection Bureau Is mortgage refinancing worth it? CBS News Today’s 30-year mortgage refinance rates hit lowest levels in 15 days | Oct. 28, 2022 - Fox Business Today’s mortgage refinance rates: Look to shorter repayment terms for maximum savings | September 13, 2022 Fox Business Today's Mortgage, Refinance Rates: March 10, 2023 | Rates up for ... Business Insider VA Refinance Rates - Current VA Loan Refinance Rates Today Business Insider Today's refinance rates drop off | November 11, 2022 Bankrate.com Trends in Mortgage Refinancing Activity Freddie Mac Refinance Closing: An Overview Zing! Blog by Quicken Loans Small Business Loan Refinance Bankrate.com Current 15-Year Refinance Rates Today Business Insider Refinance Rates, Dec. 13 | Rates falling today The Mortgage Reports Heloc vs. Cash Out Refinance Credible Mortgage Giant Rocket Plunges Back to Earth, Hit by Rising Rates The Wall Street Journal Can You Refinance a Reverse Mortgage? Investopedia When to Refinance Your Mortgage (and When You Shouldn't) Business Insider When Should You Refinance an Adjustable-Rate Mortgage ... U.S News & World Report Money Refinance Rates, Jan. 6 | Rates falling today The Mortgage Reports Mortgage Rates: When should you refinance your mortgage? Marca English Understanding A No-Appraisal Refinance Zing! Blog by Quicken Loans 7 Refinancing Programs for Seniors Total Mortgage Refinancing After Divorce: What To Know Zing! Blog by Quicken Loans Will a Cash-Out Refinance Make Sense for You in 2023? The Motley Fool Refinance Rates, Jan. 19 | Rates rising today The Mortgage Reports Mortgage And Refinance Rates, Jan. 23 | Rates rising today The Mortgage Reports Refinance Rates, Dec. 1 | Rates steady-ish today The Mortgage Reports
|