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How to Refinance an Auto Loan

6/10/2022

You should always know how to save money by refinancing an auto loan if it makes financial sense for you to do so. Refinancing is a smart choice if you are looking to benefit from lower rates or lower monthly payments on your auto loan.

Keep reading to learn more about how to refinance an auto loan, how the process works, and when you should consider refinancing.

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What Is The Minimum Credit Score for a Car Loan?

6/10/2022

Are you looking to purchase a car and need a loan? If so, you may be worried that your credit won’t look good to a lender and want to know more about the minimum credit score for a car loan. Don’t fret. While obtaining a car loan with just about any level of credit is possible, it may come with limitations and restrictions.

Keep reading to learn more about the minimum credit score for a car loan.

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How to Qualify for a HELOC

6/10/2022

If you've built up equity in your home, a home equity line of credit (HELOC) is a convenient way to gain ready access to cash and give yourself a financial safety net.

But maybe you're not sure if you meet the qualifying criteria. A HELOC is a kind of second mortgage, so the qualifying process is similar to when you took out your original home loan. Read on for full details about how to qualify for a HELOC!

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Pros and Cons of a Home Equity Line of Credit

6/10/2022

A home equity line of credit (HELOC) offers a convenient and flexible financing option for disciplined borrowers but can pose risks for those who aren’t.

If you’ve been paying down your house for a while, then a home equity line of credit (HELOC) offers a convenient way to tap your equity when you need it. Be aware, though, that you could face a substantial HELOC “payment shock” at the end of the loan period.

Let’s take a look at what a home equity line of credit is, plus the benefits and possible downsides of this type of borrowing.

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