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As you pay down your first mortgage or the value of your home increases, you develop equity. When you have equity built up in your home, borrowing against it with a home equity loan is a great way to tap into the money you need most. Many people take out a home equity loan to finance home improvements, pay for their child’s college education, cover unforeseen medical costs, and many other purposes.
Here’s all you need to know about home equity loans:
Read MoreIt may seem like there are not many differences between a credit union and a traditional bank. While both offer similar services, the two financial institutions are far from interchangeable.
A closer look reveals that a credit union operates differently as well as provides unique benefits to its members. Below is a breakdown of how a credit union in Kentucky and a bank are unique from one another.
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