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CBS Mornings Deals: Save 22% on two-chamber tumblers
This week on “CBS Mornings” lifestyle expert Gayle Bass discussed deals on items that may make your life easier — all at exclusive discounts. Discover this week’s exclusive deals below and visit CBSDeals.com or text “CBS” to 65000 to take advantage of them today.
Disclaimer: CBS earns commissions on purchases made through CBSDeals.com. Deals are available for a limited time and while quantities last. Prices may change from the date of publication.
Loved01: Save 19%
Love01 is a line of formulas designed to nourish, moisturize and gently balance pH, which may leave skin glowing, vibrant and beautiful. Created with melanin-rich skin in mind, Loved01’s products were made to suit all skin types, but focus on offering care for complexions of color. The products on sale include the brand’s Hydration Essentials, which include a toning mist, face and body oil and a face and body moisturizer.
There’s also the Shave Essentials, the New Love Made Easy bundle and the New to Love, which includes cleansing wipes, hand wash, cleansing bars and hand and body lotion. Each product is vegan, cruelty-free and recommended by dermatologists.
Normally priced at $37.00-$63.00 get them now at CBSDeals.com for a special offer, only $29.75-$50.50.
Splitflask: Save 22%
The Splitflask Dual-Chamber 30-ounce Tumbler is a vacuum-insulated to-go cup that features two separate 15-ounce chambers inside. These two chambers allow you to carry two different drinks simultaneously, such as coffee and water or tea and lemonade. Its double-walled construction is designed to keep hot drinks hot for up to four hours and cold drinks cold for up to 12 hours.
Each tumbler was designed to be leakproof, heat-resistant and able to fit in the average car cup holder. The Splitflask may be best for those who bring more than one drink on the go with them. These tumblers come in four colors, including pink, white, black and green.
Normally priced at $58.00, get one now at CBSDeals.com for 22% off, only $45.00.
Lazrus Golf: Save 19%
The Lazrus Golf Wedge Sets are made for golfers of all skill levels. The set includes three wedges, 52, 56 and and 60 degrees and will work for those who are left or right handed. Each club has forged heads and features a milled face designed for superior spin control. These may be ideal for golfers looking to enhance their short game.
The Lazrus Golf clubs come in three colors, black, silver and rainbow, and have a 30-day money-back guarantee.
Normally priced at $167.00 get one now at CBSDeals.com for a special offer at only $133.75.
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Manhattan DA says he’s against dismissing Trump’s “hush money” conviction
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Why home equity loans are better than refinancing right now
Homeowners looking to access a large sum of money in today’s economic climate don’t have to look too far to find it. By turning to their accumulated home equity, owners can potentially finance a major expense (or multiple major expenses) simply by using the money they already have via their home’s value.
While there are multiple ways to do this, many may be considering a traditional mortgage refinance or cash-out refinance. But in today’s unique and constantly changing interest rate climate, that could prove to be a costly mistake. Instead, right now, both home equity loans and home equity lines of credit (HELOCs) are arguably better than refinancing. Below, we’ll explain why.
Start by seeing what home equity loan interest rate you could qualify for here.
Why home equity loans are better than refinancing right now
Here are three reasons why a home equity loan may be more beneficial than a refinance now:
You’ll maintain your existing mortgage rate
The average home equity loan interest rate is 8.41% as of November 19, 2024, but the average mortgage refinance rate for a 30-year loan is 6.93%. So, on the surface, it appears that refinancing is cheaper. But that refinance rate will require you to exchange your current mortgage rate to get the new one.
That could be a costly mistake if you have a rate under 6.93%, as millions of Americans do right now. By applying for a home equity loan, however, you’ll still gain access to your equity, but you won’t need to bump your mortgage rate to get it. And if home equity loan rates drop in the future, as they have for most of 2024, you can simply refinance your loan to the better rate then.
Get started with a home equity loan online today.
You may qualify for a tax deduction
When you use a cash-out refinance, you apply for a loan larger than what you currently owe to your lender. You then use the former to pay off the latter and keep the difference as cash for yourself. Interest paid on mortgage loans is tax-deductible, but so is the interest on home equity loans if used for qualifying purposes. At that higher interest rate, you may qualify for a larger deduction (while still maintaining your current lower mortgage rate).
The average home equity amount is high right now
A combination of low mortgage interest rates during the pandemic, a drop in available inventory and a hesitation to sell now that rates are high again (amid other complex but interrelated factors) has caused the average home equity amount to soar to just under $330,000 right now. If you want to access that with a refinance, as noted, you’ll need to give up your current mortgage rate to do so. And if you want to access it via a credit card or personal loan, the restrictions will be significant. It makes sense, then, to take advantage by using a home equity loan or HELOC instead of taking a gamble with a refinance right now.
The bottom line
With mortgage refinance rates elevated, the unique feature of a potential tax deduction tied to home equity borrowing and a six-figure average equity sum available now, for many homeowners in need of financing it makes sense to skip a refinance for a home equity loan now. That said, this type of financing is tied to your most important financial asset so the decision to withdraw it from it should be carefully weighed against the risks. Consider speaking to a financial advisor or home equity lender who can answer any questions you may have before getting started.
Speak to a home equity loan lender now.