Home equity loans or refinancing? Here's what to look for, according to this top investment advisor

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Home equity loans or refinancing? Here’s what to look for, according to ricedelman. investinyou (In partnership with acorns.)

, and it is a phenomenon that often has been a reliable, yet early, indicator of economic recessions., or HELOC, a smart idea — whether as an insurance policy or even just to do home improvements? And what impact would it have on your credit history?

According to financial expert Ric Edelman, founder and executive chairman of Edelman Financial Engines, "It doesn't necessarily hurt your score."is a number that represents the risk a creditor, like a bank or lender, will take on you when you borrow money. It can determine the interest rate you will pay for credit cards, car loans and home mortgages — or whether you will get a loan at all.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ricedelman acorns Hurt my score? You think that's what Americans lose sleep over? We are heading into a recession and you think I'm worrying about your little number

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines