When hard-working people find themselves swimming in high-interest debt, it’s time to look for a lifeline and pull yourself out. Leveraging your home equity to consolidate monthly payments that are crushing your financial health and quality of life can be a game-changing solution.

If you’re looking for a way to deal with debt that is both flexible and affordable, a home equity loan may be a good solution. For homeowners who have built up some equity in their homes, this type of loan allows them to tap that equity and use it to pay down high-interest debt. Here’s a closer look at how home equity loans work, and when they work well for debt consolidation.

If you want to save money and make some progress in paying off the bills and other debt you owe, you should consider accessing the equity in your home for a debt consolidation loan to achieve your goal of being debt-free. The two typical ways to access the equity in your home for a debt consolidation loan include a home equity loan and a home equity line of credit, better known as a HELOC. Below are some comparisons of a HELOC vs Home Equity Loan so you can see the pros and cons of each.

Winter and spring’s unpredictable weather coupled with hectic family school schedules cause home improvement projects to take a back seat. Now that summer’s reliable weather is within reach, it’s the perfect time to tackle some affordable home upgrades.

The average debt load for Americans, including mortgages, student debt, credit cards, and car loans, is $90,460. All of this debt contributes to a high level of stress for many families. 

Securing a debt consolidation loan and paying down your obligation can fast-track you to an improved credit rating and financial stability. But success requires personal vigilance and fiscal responsibility.

The financially carefree days of college students are quickly disappearing in the rearview mirror. Wide-reaching surveys indicate upwards of 70 percent of college students experience stress about money before graduation. It almost goes without saying that this newest generation may not be overly welcoming to “advice” from their parents or grandparents. After all, those are the people who suffered massive student loan debt, a subprime mortgage crisis, and the Great Recession.

Envisioning your future wedding can bring about feelings of excitement, joy, and love! Once the planning begins, it’s completely normal to experience different emotions as the reality of your future and the potential cost of your event set in.

Life happens, and along with it often comes debt…and you know what? That’s ok! Whether we have debt in the form of student loans, medical bills, an emergency of some sort that had to be financed, or too much spent on credit cards - we have all had our share of debt to repay.

High demand, supply chain hiccups, and a global semiconductor shortage caused the prices of automobiles to rise over the past year. Car buyers reportedly paid 12.2 percent more in 2022 than in 2021. That’s a significant increase and a good reason everyday people need to take advantage of money-saving opportunities. Memorial Day weekend remains an optimal time to buy a car, truck, or SUV, at a reduced cost. Take advantage of these tips to save money and walk away with a vehicle, and car loan, that works for you and your budget.