A Fresh Financial Start

Ready to press reset?

Ready to press reset?

Ready to hit the reset button on 2014? Sure, with all the credit card breaches, hackers, scammers, and ebola, who isn’t?

Enter NerdWallet’s “Fresh Financial Start” roundup for the new year.

The money geeks have scoured the nation to gather their recommendations for financial products that help people get the year off to a fresh financial start. And, lucky you, one of the financial institutions on their list happens to be local (that’s Maryland for any of you world wide webbers).

In the Home/Auto Loans section of their Fresh Start blog post, NerdWallet calls out┬áSECU Credit Union’s Home Equity Line of Credit, with a 0.99% rate for 12 months.

A Home Equity Line of Credit, or HELOC, is popular for large purchases, such as home improvements, college tuition, medical costs, as well as for debt consolidation – which is why NerdWallet picked it for a fresh financial start. The low interest rate means lower monthly payments and lower costs over the life of the loan – which can result in less money flowing out of your wallet every month. That’ll definitely help with your financial do-over.

Additionally, the interest you pay on a HELOC may also be tax deductible. You can click to learn more about HELOCs.

Anyhoo. To all this I say “Smart call, NerdWallet.” Full disclosure; I am SECU’s unofficial spokespig, but I just call ’em like I see ’em.

Stay fresh!

 

 

 

 

Flickr image courtesy of Max Barners

 

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About the Author ()

Melvin is the Smart Green Pig. "Smart" as in intelligent. Some would say "Super Intelligent" or perhaps "Genius". But also "Smart" as in surly and sarcastic, so watch your Ps and Qs! By the way, Melvin gets paid (quite handsomely) by SECU, so even though he's completely unbiased, some might think otherwise. Just sayin' (disclosin').

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