How to use a home equity loan for debt consolidation – Load Error The average amount of non-mortgage household debt in the U.S. reached $24,706 in 2017, according to Experian’s.
Mortgage rates roar higher after brief lull – Rates for home loans rebounded, with the benchmark touching the second-highest level of 2018. But there’s one notable difference between the current lending environment and the last time the Fed.
The tax implications of a second home largely depend on the type of property you buy and how you use it. Consult a tax professional for guidance on how a second home purchase could affect your taxes, since you may be eligible for mortgage interest deductions. Learn more about preparing your finances and the other stages of the homebuying process.