Home Equity

11
Jun
Best Home Equity Line of Credit (HELOC) Rates & Lenders

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.

Posted in: Home Equity,
06
Jun
Can I Use a Home Equity Loan to Buy Another House?

For most American homeowners, their home is the single largest asset in their investment portfolio. You can borrow money to purchase real estate at a low interest rate and deduct the mortgage interest on your federal taxes. Real estate is a relatively safe investment since it seldom declines in value, and you get to use […]

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29
May
How to Decide if You Should Use a Home Equity Line of Credit to Pay Off Student Loans

Using a HELOC to pay off your student loan debt could save you a lot of money in interest, but you risk losing your home if you can't make payments. Only use this strategy if you are sure that you can afford the payments until the HELOC is paid off.

Posted in: Home Equity, Student Loans,
13
May
Is a Cash Out Refinance a Good Idea?

A cash-out refinance happens when you take out a new mortgage for an amount greater than what you currently owe on your existing mortgage and the difference is provided to you as cash.

Posted in: Home Equity,
02
May
How to Calculate Home Equity

Home equity is the difference between the value of your home and the current outstanding mortgage debt. Calculating your home equity is as easy as figuring out what your home is worth and subtracting the existing liens on the property (including a home equity loan or home equity line of credit) from that total.

Posted in: Home Equity,
30
Apr
HELOC vs Home Equity Loan: Which is Right for You?

Both home equity loans and home equity lines of credit can be useful tools for homeowners who need access to affordable financing. Home equity loans are usually fixed-rate loans paid out as a single lump sum, while home equity lines of credit work as a credit line with a variable rate and flexible withdrawals over time.

Posted in: Home Equity,
19
Apr
Home Equity: What It Is and How You Can Use It

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.

Posted in: Home Equity,
08
Apr
Figure Home Equity Line Review

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.

Posted in: Home Equity,
Tags: product review,
08
Apr
Hometap Review: How a Hometap Investment Works

Hometap can help you access your home equity to fund your dream, whether it's paying off debt, going back to school, or starting a business.

Posted in: Home Equity,
04
Apr
How to Avoid Home Equity Fees and Penalties | Closing Costs to Expect

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 […]

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