It seems like it’s been in the news constantly over the past few months: the Federal Reserve raises interest rates. But how does that impact you and your finances on a daily basis? It depends on your situation, but there can be both good news and challenges in the months ahead.
Buying a home is usually an excellent investment, allowing you to build equity over time in an asset that’s likely to increase in value. A home equity line of credit, or HELOC, is one solution that allows you to use your property for funding to make major purchases.
If you’re leasing a car or truck, and you’re nearing the end of your agreement, a lease buyout may be the right solution for you. The new vehicle selection at most dealers is limited, and the price of used cars has gone up 30 - 40% in the past year, according to USA Today.