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When Is It A Good Idea To Use A Home Equity Loan?

A home equity loan is a type of loan that allows you to use the equity of your home as collateral. It is an option that home owners have available to them and that some people use to pay for major expenses such as home renovations, college education or medical bills. These types of loans became popular in 1996 because they provided a way for consumers to circumvent their tax charges for that year, which eliminated the deductions on the interest for most consumer purchases. It is a good idea to leverage your shelter for cash? What is a legitimate…
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What’s Ahead For Mortgage Rates This Week – October 7, 2013

This week's economic news commentary has been dominated by the "what ifs" of a government shutdown; opinions of potential consequences are limited only by the number of commentators sharing their opinions. Unfortunately, more concrete examples of the shutdown were evident last Tuesday and Friday. The Department of Commerce delayed release of August's Construction Spending report that were due last Tuesday and The Bureau of Labor Statistics delayed the release of September's Non-farm Payroll and Unemployment that were due last Friday. The ADP Employment report for September posted a reading of 166,000 private sector jobs added against expectations of 180,000 new…
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Do Fence Me In, Here Are A Few Good Yard Fencing Options

Whether you just got a puppy, have newly mobile children or built a pool, there are a multitude of reasons for wanting to keep people and animals in your yard, while preventing other from entering. Picking the perfect fence can be difficult, so below we've outlined the main fencing materials to choose from and characteristics to consider about each. Wood Wood seems to be the most common material used in yards across the country — especially when wanting privacy. Depending on the type of wood you purchase, you'll probably want to stain the planks to protect them from rot and…
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Do Those Additions Really Add Value To Your Home?

When you own a home, there are additions that you can make to the property that will improve the value of your home. For example, a newly renovated kitchen or bathroom is a popular choice that will really make the home more desirable to buyers. Also, adding storage space or a well-thought-out family room or other practical space can be a very good investment that will bring up the home's value. However, there are other projects that are not really worth your time or money and will allow very little opportunity to recover your costs when it is time to…
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