The majority of adults across the country don’t have very much extra cash each month after their bills and regular spending. This leaves them in a difficult position if something unexpected comes up that needs funding, like an emergency medical bill or necessary car repairs. For many, this situation means they’ll need to rely on a loan to get them through until they can save up enough to cover the costs. But not everyone can easily qualify for a loan as fast as necessary. That’s where a car title loan comes in! Some lenders give you the option to use a vehicle as collateral to secure a cash advance, which…
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How Does Home Equity Work? Everything You Need to Know
In the third quarter of 2021, the average sales price of homes sold in the US reached a staggering $453,300. That’s a massive increase of $55,500 from the same quarter of the previous year. With so much money going into buying a house, it only makes sense that you can use yours as collateral for a loan. However, that usually only works if you have enough home equity. So, how does home equity work, exactly? What does it even mean in the first place, and why should you care? This guide will get to the bottom of all those questions, so be sure to keep reading! What Is Home Equity?…
