About Aly Yale
Personal finance writer
Home equity, mortgages, real estate
Bachelor's degrees in radio-TV-film and news-editorial journalism from Texas Christian University
Personal Finance Experience
Aly has been covering personal finance and real estate for more than a decade for local and national publications.
She enjoys breaking down complex topics and helping consumers make the best decisions for their money and futures.
Latest from Aly Yale
How Do HELOCs Utilize Blockchain?
HELOCs powered by blockchain can benefit borrowers and lenders with lower costs and faster timelines.
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...
Best Credit Unions Offering HELOCs
Many credit unions offer HELOCs. Use this guide to determine the best credit union HELOC for your financial needs.
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.
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...
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.
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....
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.
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%.
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...