Resourceful-Mom

Home Equity Loan and HELOC Suggestions

Today, I ran across an article written by the authors of Debt Be Gone Today, a site packed with helpful tips for debt freedom.  The article “Benefits of Taking a Home Equity Loan” brought a couple of things to mind that I thought might be beneficial if considering using the equity in your home to lighten your financial load.  These suggestions would apply if you are interested in either a Home Equity Loan or a Home Equity Line of Credit (HELOC).

Below, you’ll find the benefits from the Debt Be Gone Today article with my suggestions in italics. Read more…

Home Buying – Renting vs Owning

As with any decision, there are pros and cons.  So, it should be no surprise that this would be the case when deciding to purchase a home versus continuing to rent.  In addition, pros and cons vary based on the person assessing the situation. As an example, I am green thumb challenged so yard work does not interest me; however, if you love giving attention to your garden after work, you will disagree that yard work is a negative. Read more…

Your past, is it true?

Depends on what they say about me

Your credit report is used by many financial institutions to determine if, according to your history of paying others, they can trust you to pay them back according to the terms agreed upon.

Since a credit report is used to tell the story of your financial past, it’s your responsibility to monitor what is being said about you.  Below are items that could potentially be on your report, in no particular order: Read more…