Archive for the 'Debt' Category

17 Sep

Equity line of credit

Another option is an equity line of credit, which enables you to borrow money as you need it against your house. Rather than a fixed interest rate, an equity line of credit usually has a rate that varies according to what interest rates are doing. Also, the pay- back period is not set—so be sure [...]

17 May

Watching your debt go down

This whole process may take months or it may take years, but with each payment you will be closer to becoming debt free, at which time you’ll be free to pay yourself more and more. Look at the statements each time carefully, keep transferring accounts for the best interest rate deals as necessary, and take [...]

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