At a Glance: An RV loan is a loan specifically used to finance the purchase of a recreational vehicle (RV). These loans can be obtained from banks, credit unions, online lenders, or RV dealerships. RV loans typically require a good credit score, and the loan terms can range from 1 to 15 years. The R…
At a Glance: When it comes to financing plumbing work, three options are available. A home equity loan uses your home as collateral, offering lower interest rates but with the risk of foreclosure if you can’t repay. A home equity line of credit (HELOC) functions like a credit card, allowing ac…
At a Glance: To get a home equity loan on a paid-off house, follow these steps: choose a lender based on APR, fees, and perks, submit required documents like tax returns and proof of income, get an appraisal to determine loan size, close the loan by signing agreements and paying closing costs, and f…
At a Glance: A solar loan is a type of loan that allows you to borrow money to finance the installation of solar panels. You can repay the loan over time in installments. Various lenders, including banks, online lenders, and solar companies, offer solar loans. Financing options include home equity l…
At a Glance: When financing a pool, there are five main options to consider. Home Equity Line of Credit (HELOC) allows borrowing money up to 85% of the house’s value, with a flexible repayment period. Home Equity Loans provide a lump sum with fixed monthly payments. Cash-Out Mortgage Refinanci…
At a Glance: The time it takes to get federal student loans varies, but it can range from a few weeks to several months. To access federal student loans, you need to file a FAFSA, which is also required for other types of financial aid. Apply at least four to six weeks before needing the […]
At a Glance: A personal loan is an unsecured loan that allows you to borrow money without providing collateral. It relies on factors like your credit score to determine your eligibility. Personal loans offer flexibility in spending and can be used for various purposes. They have advantages such as l…
At a Glance: To finance a garage or other addition, you have several options available. Personal loans and garage loans are specifically designed for this purpose, while home equity loans and home equity lines of credit (HELOCs) use your home’s equity as collateral. Cash-out mortgage refinanci…
At a Glance: When deciding which student loan to pay off first, consider factors such as the type of loan (federal or private), interest rates, and loan balance. For private student loans with higher interest rates and fewer benefits, it’s generally best to prioritize paying them off quickly. …
At a Glance: The FAFSA is the first step in applying for federal student loans. For the 2023-24 academic year, the FAFSA application opens on October 1, 2023, and the final deadline is June 30, 2024. Private student loan deadlines are more flexible, with lenders accepting applications throughout the…