Por: Los Angeles Times Business August 27, 2023
Dear Liz: My current home mortgage rate is 5%. I owe about $340,000 on the house and have about $300,000 in equity. My credit union is offering a home equity line of credit with a rate of 3%. Would it be a good idea to take out a HELOC at that rate and use those funds to pay down or pay off my mortgage? Answer: Prevailing HELOC rates are closer to 9%, so what you saw is likely a teaser rate that would eventually expire. After that, you’d pay... + full article
CBS News USA Business May 09, 2023
HELOC interest rates are already lower than other financing options. Getty Images/iStockphoto When it comes to financing home improvement projects, consolidating debts or covering emergency expenses, the costs can quickly become overwhelming. One way to get extra funds is with... + más
What is a HELOC? | CBS News
Where to get a HELOC | CBS News
CBS News USA Business April 18, 2023
If you're considering a HELOC then be sure to shop around to secure the lowest rate. Getty Images/iStockphoto Uneven economic conditions continue to hit Americans where it counts—their wallets. Despite a , experts maintain inflation will likely remain stubbornly high... + más
When should you get a HELOC? | CBS News
CBS News USA Business April 03, 2023
Homeowners considering a HELOC should first know what they plan to use the money for. Getty Images/iStockphoto With and higher prices for everything from to , many Americans are looking for new ways to pay for extra expenses. While traditional ways to do this include and ,... + más
CBS News USA Business March 28, 2023
You can use a HELOC for anything you want, but some expenses are a better use of the money than others. Getty Images/iStockphoto If you're looking for ways to finance a major expense, cover emergency costs or just make ends meet, you have plenty of options to choose from.... + más
Is a HELOC worth it? | CBS News
CBS News USA Business March 14, 2023
A HELOC is advantageous to take out when home values are high. Getty Images/iStockphoto For millions of Americans stung by persistent and , it can be difficult to determine the best way to make ends meet. and can certainly help, but those forms of credit typically come with... + más
CBS News USA Business February 24, 2023
A home equity line of credit (HELOC) is a valuable tool to help you tap into your home's equity for cash as needed. Getty Images/iStockphoto Stubborn inflation and higher interest rates are straining Americans' budgets and adding to rising debt. reported an increase of... + más
The best times to get a HELOC | CBS News
CBS News USA Business February 23, 2023
A HELOC can often offer better interest rates than credit cards or personal loans. Getty Images/iStockphoto Homeownership comes with a series of financial benefits from improving one's to and more. Homeowners with significant equity in their homes can also rely on their... + más
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