Posted in home improvement loans

Loan vs. Line of Credit: What’s the Difference?

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Continue Reading Loan vs. Line of Credit: What’s the Difference?
Posted in home improvement loans

Loan Growth to Aid Bank OZK’s (OZK) Top Line Amid Low Rates

Bank OZK OZK remains well-poised for top-line growth, supported by steadily improving loans along with its strategic growth initiatives. Moreover, given a solid balance sheet position, the company will likely continue to enhance shareholder value through efficient capital deployment activities.

However, pressure on margins remains a major near-term concern for Bank OZK. Continuously increasing operating expenses and the company’s exposure toward risky loans are other major headwinds.

The Zacks Consensus Estimate for its current-year earnings has been unchanged over the past 30 days. As a result, the company currently carries a Zacks Rank #3 (Hold).

Over the past six months, shares of Bank OZK have gained 12.7% compared with a rise of 3.1% of the industry it belongs to.

Looking at fundamentals, though the company’s revenues declined in 2019 and the first half of 2020, the same witnessed a CAGR of 22.8% over the last six years (2014-2019), mainly driven

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Continue Reading Loan Growth to Aid Bank OZK’s (OZK) Top Line Amid Low Rates
Posted in home improvement

Can You Still Deduct Your Home Equity Line Of Credit?

If you have a home equity line of credit (HELOC), you may be wondering if you are entitled to a valuable tax deduction for the interest you pay on loan. The rules for the mortgage interest deduction changed, for the worse, under the Trump Tax Plan. Some homeowners who may have been able to deduct their mortgages or HELOCs in the past may no longer be able to capitalize on a deduction for their mortgage interest.

What You Need To Know About HELOC and Taxes

The question of whether or not your home equity line of credit was tax-deductible was confusing enough in the past, but the Trump Tax Plan adds more uncertainty to this popular way to access your home

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