Aly Yale

Aly Yale

Aly J. Yale is a writer and journalist from Houston, specializing in mortgage, real estate, and personal finance topics. Her work has been published in Forbes, The Balance, Bankrate, The Simple Dollar, and more. Connect with her on Twitter.

Articles by Aly Yale:

16
Dec
How Do HELOCs Utilize Blockchain?

HELOCs powered by blockchain can benefit borrowers and lenders with lower costs and faster timelines.

Posted in: Home Equity,
09
Dec
What Is a HELOC Freeze Letter?

If your lender freezes your HELOC to keep you from withdrawing more cash, you’ll get a HELOC freeze letter in the mail. You might also request to freeze your HELOC.

Posted in: Home Equity,
28
Nov
Best Credit Unions Offering HELOCs

Many credit unions offer HELOCs. Use this guide to determine the best credit union HELOC for your financial needs.

Posted in: Home Equity,
16
Nov
Can I Increase the Limit on My HELOC?

If you want to increase your HELOC limit, you’ll likely need to refinance. Here’s how that works and who qualifies.

Posted in: Home Equity,
24
Oct
Bethpage Home Equity Review

Bethpage FCU is one option if you’re considering a HELOC. The company allows you to convert all or a portion into a fixed-rate loan.

Posted in: Home Equity,
20
Oct
How Does the Draw Period Work on a HELOC?

During the HELOC draw period, you can withdraw money from your line of credit. You typically make interest-only payments during this phase.

Posted in: Home Equity,
10
Oct
How Often Can the Interest Rate Change on a HELOC?

A variable interest rate on a HELOC can change as often as once a month. The actual frequency in which it changes depends on market conditions.

Posted in: Home Equity,
30
Sep
How Does HELOC Repayment Work?

HELOCs have two periods: a draw period and a repayment period. You’ll make payments during both—but not the same amount.

Posted in: Home Equity,
30
Sep
How Much Equity Do You Need for a HELOC?

The amount of equity you'll need for a HELOC will vary by lender, but usually needs to be at least 10% to 20%.

Posted in: Home Equity,
01
Aug
How to Use a HELOC to Pay for College

A HELOC can help you pay for college costs and could be a smart option compared to private loans. Exhaust all federal financial aid before using a HELOC.

Posted in: Home Equity,