Resources

27
Nov
How to Decide Whether to 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, Resources, Student Loans,
26
Nov
Home Equity Loan Calculator

There are many ways to tap into the equity in your home, including a home equity loan. Our home equity loan calculator can help you determine how much you can get and the cost of borrowing.

Posted in: Home Equity, Resources,
Tags: ptype_calculator,
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, Resources,
03
Apr
How to Get a Small Home Equity Loan

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

Posted in: Home Equity, Resources,
30
Jul
How to Get a Large Home Equity Line of Credit

If you are a homeowner and need money for a vacation, home improvements, debt consolidation, or to pay off credit card debt, you might be considering a home equity line of credit (HELOC). The HELOC lets you borrow against the equity you have built up in your home. Since your home serves as collateral for the line of credit, you […]

Posted in: Home Equity, Resources,
27
Jul
Are Home Equity Loans Tax Deductible?

One of the benefits that home equity loans and home equity lines of credit (HELOCs) have over other borrowing options is that the interest is tax deductible. When you take out a personal loan or borrow from a credit card, for example, you pay a higher interest rate and cannot claim a deduction on your taxes. On the other […]

Posted in: Home Equity, Resources,