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Ben Luthi

Ben Luthi is a personal finance writer and a credit cards expert who loves helping consumers and business owners make better financial decisions. His work has been featured in Time, MarketWatch, Yahoo! Finance, U.S. News & World Report, CNBC, Success Magazine, USA Today, The Huffington Post and many more.

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LoanDepot Home Equity Loans: Are They Right For You?

Published 09/27/2017 by Ben Luthi

When shopping around for a home equity loan, getting one with the lowest costs and interest rate should be your top priority.

Having enough money to last through retirement isn’t easy, especially if you’re already in the midst of it. Going back to work or finding new income streams can be stressful at best and impossible at worst.

In addition to the physical damage that Hurricane Harvey wrought as it tore through southeast Texas and southern Louisiana, people affected by the storm may also suffer long-term financial problems as they get their lives back in order. In response, online lenders Prosper and LendingClub have stepped in to give affected borrowers reprieve.

Whether you’re trying to consolidate high-interest credit card debt, finance a home improvement project, or borrow for any other reason, home equity loans and lines of credit can be a great way to borrow at a low interest rate. But which is best?

Buying a car is a big decision. For many people, it’s one of the largest purchases they will make aside from buying their home. While it can be challenging to choose the right car to buy and take out a loan for the initial purchase, refinancing a car loan can be an even greater mystery since it’s not something you do often! Here are some questions you should be asking if you are in the market for a refinance.

Getting a car loan can be a hassle. Since someone else owns the car while you’re paying off the loan, there are certain requirements you have to meet to purchase and maintain the car. Unsecured auto loans may be a better alternative.

If you have federal student loans, you likely already know that you can consolidate them and apply for an income-driven repayment plan to make it easier to pay off. Once you’ve decided that one or the other is the right decision for you, you’ll want to make sure you qualify, then go through the application process. Read on to learn more about how you can apply for federal student loan consolidation and repayment plans and take advantage of federal student loan benefits.

If you financed your car, chances are you could save some money by refinancing your loan. By doing so, you could lower your interest rate, monthly payment, or both.

Installing an in-ground swimming pool in your backyard is a major investment, with an average cost of $44,435. So, you’ll want to make sure you have a pool warranty to protect your investment. A leak, faulty filter, or a broken pipe can be expensive to fix.

Installing solar panels for your home is good for the environment, reducing your carbon footprint by as much as 95%. If that isn’t enough to convince you to install some on your roof, know that solar panels can also save you money on energy costs over the long run.

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