“Dear Steve, I am a self-employed home owner with $85,000 in business debt and $130,000 in home debt. We have about $30,000 in equity on our home. We make +/- 100,000 per year. Half of that goes toward the business and the other half we live on. Should we sell our house and rent? We …
“Dear Steve, I habe been married for 8 years. I got the mail recently and found the account summary for our Equity Line of Credit. All but 3500.00 of the 50,000 has been taken by my husband for the last 4 years. he has only been paying the 167.00 interest payment. I was shocked for …
Consolidating your debt with the equity in your home can be a terrific money-saving strategy. The interest rate may be much lower than you’re paying on your other bills and, if you itemize on your tax return, you can usually deduct the interest you pay – making the effective rate of the loan even more …
Tired of the 9 to 5 grind? Considering going into business for yourself? You’re not alone. Millions of people have a similar dream. A few brave ones take the next step. Unfortunately, for many, the dream can turn into a nightmare quickly. The U.S. Small Business Administration statistics show that well over half of all …
“Dear Steve, I have been out of work for over 18 months. I own apx 46,000 to credit card companies. I am still collecting unemployment but not sure when it will run out. I own a house with equity in it but cannot get a refinance or home equity loan because I am not working. …
“Dear Steve, 6 years ago, with money from a high tech IPO, I paid off my house. Shortly thereafter, my husband and I started a business (with a HELOC). 4 years into the business, we had accumulated a $390K balance (maxed out) on our HELOC since the business was not profitable and neither one of …
