Can You Use a Personal Loan to Buy a House?​​

buy a home with a personal loan

Purchasing a home is a significant financial commitment, typically financed through traditional mortgage loans. However, some prospective buyers consider alternative financing methods, such as personal loans, to fund their home purchases. This article explores the feasibility, advantages, and disadvantages of using a personal loan to buy a house, providing a comprehensive analysis for potential homebuyers. … Read more

How to Refinance a Home Loan and Consolidate Debt

refinance debt consolidation

Refinancing a home loan to consolidate debt offers a dual benefit: securing a lower mortgage rate and combining high-interest debts, like credit cards or personal loans, into a single, lower-rate payment. This strategy can save thousands annually, simplify budgeting, and accelerate debt repayment. However, it involves risks, such as extending loan terms or risking foreclosure. … Read more

Can I Get a Personal Loan to Buy a Car?

Many items have gotten more expensive in recent years as inflation has spiked, and this includes cars. It is common to spend $30,000 or more on a new car, and many people have to spend $40,000 or more. With prices so high, it’s understandable to wonder about your financing options. Most people get a car … Read more

Is Personal Loan Interest Deductible?

personal loan interest deduction

In 2025, as the U.S. economy continues to recover from inflationary pressures and tax policies evolve under recent reforms, many Americans are turning to personal loans for financial flexibility. These unsecured personal loans, typically ranging from $1,000 to $100,000 with interest rates averaging 10-15%, help cover everything from medical bills to home renovations. Consumers ask … Read more

What Qualifies You for Debt Consolidation?

debt consolidation

Are you feeling overwhelmed by debt? Whether you owe $10,000, $25,000, or more, there’s no question that too many debt payments can stress us out and leave nothing left to live. Many Americans with too much debt take advantage of debt consolidation to get their debts under control so they can start living again. It’s … Read more

Is Interest on a Home Improvement Loan Tax Deductible?

home improvement tax deductions

​Interest paid on a home improvement loan can be tax-deductible under certain conditions, primarily depending on how the loan is structured and the nature of the improvements made. What Should Know About  Deducting Interest on a Home Improvement Loan in 2025 Understanding these nuances is essential for homeowners aiming to maximize their tax benefits while … Read more

Does a Debt Consolidation Loan Affect Getting a Mortgage?

debt consolidation mortgage

Debt consolidation involves combining multiple debts into a single loan, often with the aim of securing a lower interest rate or more manageable monthly payments. While this strategy can simplify debt management, its impact on obtaining a mortgage is multifaceted, influencing factors such as credit score, debt-to-income ratio (DTI), and overall financial health. 5 Ways … Read more