Many HELOC borrowers find themselves asking, “Is HELOC interest tax-deductible?” The short answer is yes, but not all the time. There are limitations that borrowers should be aware of. Let’s dive into the facts about HELOC and taxes.
As a homeowner, you may be wondering: What is a HELOC? Find out everything you need to know about Home Equity Lines of Credit and how they work.
Building wealth doesn’t happen overnight. It takes hard work to achieve, but it’s not impossible. There are some tried and true methods that have helped secure the financial futures of lots of people from all walks of life. Set Yourself Up To Build Wealth A college degree is still one of the biggest keys to […]
Today we are sharing performance data from the Prosper Portfolio for July 2019. Highlights from the report include: In July, 67% of originations were rated AA-B, up 159 bps month-over-month. The dollar‑weighted average FICO was flat month-over-month at 718. The weighted average income of borrowers on the platform in July was ~$102K, relatively flat year-over-year. […]
American consumers are awash in debt. According to a recent report by the Federal Reserve, we collectively owe $4.1 trillion in consumer debt, including over $1 trillion in credit card or revolving debt. Are you stressed—both mentally and financially—about your share of this credit card debt? Then it’s time to take action and heed these […]
All parents want a happy future for their children, yet not enough moms and dads teach their kids about financial literacy, a key component of happiness. Educate your kids about money management and it can change their lives for the better.