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. There are some downsides that you should consider, however. Both forms of credit usually have some type of origination or closing fees and both are secured […]
You can use the proceeds from your home equity loan or home equity line of credit (HELOC) in any way you want—including on an investment or rental property. Using your home equity to put a down payment on or purchase an investment property is possible, and is often one of the cheapest borrowing options you may have. If you […]
If you want to tap into your home equity without taking on debt, a home equity sharing agreement can be a good choice.
Point Home Equity will invest in your home equity, allowing you to access cash without borrowing. You don’t make monthly payments, but you will need to buy back your equity when you sell the home or by the end of your end of the term.
Patch Homes provides an alternative, debt-free approach to the standard home equity loan by offering a shared equity loan or shared appreciation mortgage. You won’t pay an interest rate but will pay the loan back by sharing profits from real estate appreciation.
Nearly all businesses face the need for some type of financing, whether for expansion, covering working capital, or paying for major business purchases. The gold standard in lending is a business loan. That’s because it offers a lump sum upfront, amenable repayment terms over several months or years, and a fixed interest rate that keeps the […]