Considering a $80,000 home equity loan now? Here's what it could cost monthly now that the Fed cut interest rates.
Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.
Learn how Equivalent Annual Cost (EAC) helps compare asset costs over time. Understand this crucial capital budgeting tool to make informed financial decisions.
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Here's how much a $40,000 home equity loan costs monthly now that the Fed cut interest rates
A $40,000 home equity loan could be an affordable way to borrow now that the Federal Reserve is cutting rates again.
Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.
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