People have two options when they want to buy something they can’t afford to purchase entirely with cash: borrow the money or save up the funds for later. While seeking out a loan is a viable choice, remember that debt has two distinct parts — the principal and interest.
Tag: loans
What’s A HELOC?
A HELOC, which stands for Home Equity Line of Credit, is a type of loan that allows homeowners to borrow money against the equity they have built up in their home.