How a Home Equity Loan Can Help You Pay for Energy-Efficient Upgrades [CNET News]
Home BancShares, Inc. (HOMB)
Last home bancshares, inc. earnings: 4/16 08:15 am
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Source: CNET News
Installing a home solar system or energy-efficient windows can lower your carbon footprint and help you save on your power bill. However, these eco-friendly upgrades can be expensive. The average cost of residential solar panels is $3.30 per watt, which adds up to $16,500 for a 5-kilowatt system. A popular and easy way to pay for these upgrades is to borrow funds against the equity in your home . Let's look at the advantages and drawbacks of using a home equity loan and how to decide whether this is the best option for you What is a home equity loan? A home equity loan is a type of financing where you'll get a lump sum of cash upfront, using your home as collateral. Once you have at least 15% to 20% home equity , you're eligible to borrow money at a fixed rate based on the ownership stake in your home. Just like other types of installment loans, you'll make monthly payments to repay the amount you borrow over a set amount of time. The advantage is that home equity loans have
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HOMB
News
- Home Bancshares: Time To Downgrade [Seeking Alpha]Seeking Alpha
- Home BancShares, Inc. Announces Second Quarter Cash DividendGlobeNewswire
- What high-profile commission changes mean for homebuyers and sellers [Yahoo! Finance]Yahoo! Finance
- Home BancShares (HOMB) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- Home Bancshares, Inc. (Conway, AR) (NYSE: HOMB) had its price target raised by analysts at Stephens from $27.00 to $28.00. They now have an "overweight" rating on the stock.MarketBeat
HOMB
Earnings
- 1/18/24 - Beat
HOMB
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 144
- 4/25/24 - Form 4
- HOMB's page on the SEC website