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18min chapter
4 Ways to Pay for BIG Expenses
Money Guy Show
Financing Home Improvements Wisely
This chapter explores alternatives for financing significant home expenses when cash is lacking, namely through home equity lines of credit (HELOCs) and home equity loans. It highlights the importance of using these options judiciously for renovations rather than lifestyle enhancements, alongside the potential risks of variable interest rates and cash-out refinancing. The discussion also covers the implications of financial discipline and structured repayment plans to safeguard homeowners' primary residences.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode