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A home equity line of credit (HELOC) is a revolving loan issued with your home as collateral. It works along the lines of a credit card Andre Dawson Youth Jersey , with a certain amount of money available for use at any point during a 'drawing' period. The sum of money made available directly depends on the debt free value of the collateral. It is a cost effective way to borrow money and your payments are tax deductible. This type of loan is available only to homeowners who have built up sufficient equity in their home. Default situations are rare as it could mean loss of property.

Here are few situations where you can benefit from a HELOC:

Home improvements

You should consider using your home equity line of credit to finance home improvements such as loft conversion, extension to the garden area or landscaping the garden David Ross Youth Jersey , as these improvements increase your equity in your home by increasing its market value. Check with the local property experts for an estimate of how much your home's market value will increase with the planned home improvements. Some home improvements like adding wooden flooring have no effect on the market value of the house. So it is advisable to consult a professional before you apply for the loan to ensure that your home equity increases because of the improvements.

Buying a Car

Using personal savings or taking a car loan are the traditional ways of financing a car purchase. But a home equity line of credit can be a good alternative to these conventional options. Factors such as the borrower's credit history and the condition of the home will determine how good the loan offer will be. If you are considering this as a means to finance your car purchase, remember one thing - if you default on your car loan Joe Maddon Womens Jersey , you can lose your car, but if you default on a HELOC Anthony Rizzo Womens Jersey , you can lose your home. So make sure that you'll be able to make the repayments regularly.

Debt Consolidation

Turning unsecured debts into a secured debt will lower the interest rate considerably. It is for this reason that a home equity line of credit is considered a good way to consolidate credit card debts. Credit card debts are unsecured debts at very high rates, resulting in much higher repayments. The advantage of debt consolidation is a single monthly payment that is lesser and consistent.

Besides the advantage of reduced interest rate Cole Hamels Womens Jersey , HELOC makes a bigger amount of money available as compared to a credit card. Making an expensive purchase is not only unadvisable on a credit card because of a high interest rate, but may even be impossible as the spend may be beyond your limit. This is unlikely to happen in a HELOC.

Never forget that default in a HELOC could mean potential foreclosure. You should have a professional look over your finances to check the feasibility of the loan and to make sure that you will be able to manage your home equity line of credit repayments.
10 Ways to Save Money using your Clothes Dryer Family Articles | November 29 Addison Russell Womens Jersey , 2006
As the cost of living goes up we all try to find ways to save our hard earned cash. I have compiled some ways to keep your energy bill down as well as ways to look after your cloths so they last you longer. Read on and start the savings!

There are a few simple things you can do when using your dryer to reduce its running cost.

1) Make sure you clean your lint filter before every use. A full lint filter consumes more energy and is also a fire hazard.

2) Do not over dry your cloths. This will waste energy and is also detrimental to your cloths. Over drying can cause creases and gives the fabric a rough feel. If you can use an auto sensing dryer.

3) Do not mix heavyweight cloths such as jeans with lightweight articles such as sheets.

4) External venting will save you money. As the moist air is vented the drying time will be shorter because the moist air is not recirculated. This will also lead to airborne lint being expelled from the house. External venting also leads to less moisture in the house which will reduce the possibility of mould forming and paint stripping.

5) Don?t put soaking wet cloths in your dryer. Put your cloths in the cloths washer on the spin cycle and this will remove most of the excess water. The faster the spin speed the dryer your cloths will be.

6) Don't overload your dryer. It means a longer drying time, using more electricity and this can cause wrinkles and drying unevenness. 7) If you do not have your dryer vented make sure there is a good airflow as this will reduce running time.

A few ways nature can help reduce your bills as well:

1) If the weather is bad or you have a bad forecast Jason Heyward Womens Jersey , try to avoid washing large loads if you have to use a dryer.

2) Partly drying the load in the sun or wind (even on a cloudy day) will save energy - the dryer can then be used to finish off the drying as required.

3) Use the sun and the wind whenever you can.

It's the most environmentally friendly dryer of all! Remember do not leave your cloths out in the sun to long as this will lead to fading!Remember do not give your cloths extra time in the dryer and try to let them dry naturally as this will lead to a longer life for your cloths and of course will lead to a lower electricity bill! A little extra tip for you all. Some stains may not come out in the wash but if you expose them to the sun the stain will go or at least be reduced! Happy washing and drying. If you do all or some of my tips you will -Shirts[/url] Wholesale Jerseys Free Shipping Cheap Hats Cheap NHL Hats China Wholesale Soccer Hats China Wholesale NHL Shirts Wholesale NBA Hats