Personal finance news - CNNMoney.com Updated : Keeping wealth in the family Lisa and Bruce Brown are fortunate enough to have plenty of assets to protect. Foremost of these is their children: The Browns are the proud parents of four-year-old Emma, and they have another baby on the way. The Oakland couple also have considerable assets of the financial variety. Thanks to diligent saving and smart property investments, the Browns have a net worth of nearly $2 million. Publ.Date : Wed, 31 Dec 2008 13:09:06 EST Macy's reports overcharging customers Some Macy's stores overcharged holiday shoppers who used debit cards to make purchases on one of the busiest shopping days of the year. Publ.Date : Fri, 02 Jan 2009 15:27:22 EST Life after a six-figure salary Happy new year and welcome to your new job. One that pays 30%, 50%, 70% less than your old one. Publ.Date : Fri, 02 Jan 2009 06:26:42 EST Rss Feed Reader Increase Traffic

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Advantages of a home equity line of credit 

Homeowners may find it necessary either to remodel their home or go in for a home improvement project like replacing windows, doors or even kitchen, will have options of either going for a home equity loan or a home equity line of credit. It all depends on the size of the project that drives the type of loan to go for. For small projects it is better to go for a home equity line of credit. Once this credit is paid off, the home equity line of credit can be used to finance new projects.  

The advantages of a home equity line of credit are:

• The money is available when needed.

• Once a home equity line of credit is paid off, money is still available for new projects.

• Tax benefits (consult a tax advisor). 

With interest rates being low at present, even if someone has an idea of a home improvement project, say 2 years down the road, it is worthwhile to advance the project. Usually a home equity line of credit is tied to the prime rate. Depending on the prime rate, one can decide whether to pay off the home equity line of credit or extend the repayment period.

In this website you can find links to various internet sources that give information on loans to consolidate debt, home equity loans, car loans, mortgage loans, personal loans, credit cards and credit reports. Click through these links and understand the terms and conditions before applying for any of these loans, credit cards and credit reports.