Home equity is the part of your home you actually own as determined by market value minus existing liens on the property, including a mortgage or home equity line of credit. Tapping into your home equity to pay off debt or finance home improvements makes sense in some situations.
Figure offers a loan called the Figure Home Equity Line. It’s an all-digital product, which means you can get approved virtually instantly and receive funding quickly. You can use loan funds for any purpose and interest rates are considered competitive.
HELOCs can help homeowners tap into the equity they have in their homes for relatively low-cost funding for things like a home improvement project. Learn more and find the best options below.
Whether you have a home equity loan or a home equity line of credit, it’s important to know what to expect when it comes to fees and penalties. Some fees you can’t avoid, but other fees you might be able to reduce or avoid altogether. Although a home equity loan gives you a lump sum at closing, while […]
A home equity loan can be one way to access cash for home improvements, vacation, debt consolidation, or any other financial need you may face. Your home equity loan allows you to borrow against the equity in your home and pay it back over a long period of time with a low interest rate. The application process, however, can be as cumberso
Whether you are a current small business owner or still dreaming about starting your own business, finding the cash to finance your fledgling business can be one of the biggest challenges. Then, after starting up, there are the ongoing expenses associated with operating the business as you try to grow it to become profitable. Once […]
When damage occurs to your roof, it can seem overwhelming to know where to start in terms of paying for the fix. Fortunately, roof repair can be affordable when you know the options available to you.
If you are a homeowner and need some cash to make a big purchase, a home equity loan or home equity line of credit (HELOC) can be a great borrowing option. Both of these home equity products let you borrow against the equity you have already built up in your home. A home equity loan gives you a […]