Quotes of the Day

LOCs usually come with variable interest rates that can go up or down with the general level of interest rates in the economy. The bank can increase your interest rate at its discretion, something that 85 percent of HELOC holders do not realize, according to a recent FCAC survey. Lenders can also lower your credit limit or ask that you repay your balance at any time, although they have to give you advance notice of any changes to your credit agreement. [2021] - Erica Alini

When investing in real estate, there is a very good chance that someday, someone will try to sue you. When you own a property free and clear, this is typically evident on the public record, because there is no bank lien on the property. Therefore, you are essentially holding up a sign that says, "I have lots of money that you can try to take!!" Lawyers (especially those paid on the outcome of a lawsuit, as most lawyers of this type are) are reluctant to pursue rental owners who have a lot of leverage. [2015] - Brandon Turner

I think we can reply modest sleep debts as long as they're repaid quickly and in full. A 2016 study by Josiane Broussard showed that 2 nights of makeup sleep (after 4 nights of sleeping 4.5 hours) seemed to return insulin levels and diabetes risk to normal levels. [2017] - W. Chris Winter

After you deliver your message, your job is to begin questioning to find something that you have in common with the other person (home town, college, kids, sports teams). [2005] - Jeffrey Gitomer

A home equity loan and a home equity line of credit are similar but have a few major differences. The loan is typically taken out all at one time and paid back in installments until it is paid off, much like a typical mortgage or car loan. The interest rate and payment are generally fixed for the life of the loan (but they don't have to be). A home equity line of credit is a revolving account that works much like a credit card. You can borrow as much as you want, up to the limit, pay it back, and then borrow again These lines of credit generally have lower interest rates than home equity loans, but those rates are generally variable and so can rise or fall. [2015] - Brandon Turner