homes: 3 Reasons to Finance Your Home Improvements
- 05/13/19 07:56 AM
If you’re thinking of paying cash for home improvements, you may want to think twice. Here are three reasons why you may want to consider a cash-out mortgage refinance or home equity loan instead: 1 – Preserve your cash: a large home improvement project could quickly deplete your savings. Think about this project in the context of the next 3-5 years. What other large expenses could crop up during that time period, and would it be useful to keep your savings on hand for those items? 2: Opportunity Cost of Money: would it more useful to invest that money in a college savings plan or (1 comments)