What if my home's value decreases after using a HELOC to pay off my mortgage? If your home's value decreases after you've used a HELOC to pay off your mortgage, you may find yourself owing more than your home is worth, a situation known as being "underwater" on your loan. This ca...
As is true with most financial decisions, it helps to consider any potential drawbacks. Here are some important things to keep in mind if you’re planning to use a loan to pay off your credit card debt: Your debt is not fully erased.Personal loans can be used to pay off your credit c...
Using savings to pay off car loan sensible -- but not recommendedKenneth Hooker, Globe Staff
Holiday shopping for many people can be expensive, and even borderline unaffordable. However, there are some options that can help make preparing for the holidays feel like less of a financial burden this year. One option is taking out apersonal loan, which can be used to cover just about ...
Home Equity Loan Information Using the Equity In Your Home to Pay Off Other High Rate Debt FHA Home Equity Loans FHA (Government Insured) Home Equity loans allow you to convert the highest percentage of your equity into cash to pay off other bills at the lowest cost. In order to help...
One benefit of activating the GI Bill is that they receive what’s called a Basic Allowance for Housing, which gives veterans tax-free money to cover living expenses while attending school. The amount will vary based on an area's cost of living and the veteran's rank. Ask...
that’s one about the size of a computer mouse – has only about 150 calories. But most potatoes are a lot bigger than that, and if you load it up with fatty toppings like butter, sour cream, bacon and cheese you’re going to need a loan to cover the extra 600 calories it’s go...
originally planned to use the snowball method and pay the minimum payments on all of their balances, then apply extra money toward the smallest balance until it was all paid off. It only took a month for them to see a win when they completely paid off a $1,200 balance on one of ...
The term “debt” as used herein may refer to credit card debt, loan debts, unpaid bills, or a variety of other types of debt or credit obligation. A delinquent debt is any such debt that has not been repaid by its due date, or a debt in which one or more installment payments have...
There are different ways to attack your debt. One strategy is to pay off the cards with the highest interest rates first, sometimes called thedebt avalanchemethod. Another, thedebt snowballmethod, involves paying off the account with the smallest balance first. Each has its own financial and ps...