Figure's Homeowner Resource Center

Latest blog posts

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  Home EquityHELOC vs home equity loan: Which is better for you?

  A home equity loan is usually the best choice for one-time expenses of a known amount, such as a specific home improvement project or debt consolidation. On the other hand, a HELOC is typically better for paying expenses that occur over time.

  

  Alysse Guitar, Director of Growth  article author

  April 28, 2025
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  Tools And GuidesSpring home maintenance checklist

  Regular maintenance can feel like a regular pain, but overlooking small repairs can add up to big bills later.

  

  Hannah Friedman, Sr. Content Manager  article author

  April 17, 2025
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  Home EquityWhat is a first-lien HELOC? Pros, cons, and how it works

  This type of HELOC is ideal for homeowners who have paid off their mortgages, offering a flexible way to tap into their home equity for various financial goals.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  April 10, 2025
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  FAQsSecond mortgage vs home equity loan vs HELOC: Pros, cons, and key differences

  In this guide, we’ll break down the differences between a second mortgage vs HELOCs and home equity loans. We’ll highlight the pros and cons to help you determine the right fit for your financial needs.

  

  Alysse Guitar, Director of Growth  article author

  March 18, 2025
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  Home EquityWhat is a home equity line of credit (HELOC)?

  A home equity line of credit (or HELOC), is a loan that allows you to borrow against the equity in your home. Learn what a HELOC is and how it works with this complete guide.

  

  Alysse Guitar, Director of Growth  article author

  March 12, 2025
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  Home EquityIs it better to borrow from my 401(k) or use my home equity?

  Unsure whether to borrow from your 401(k) or tap into your home equity? In this side-by-side comparison, explore the benefits and drawbacks of a HELOC vs. 401k loan.

  

  Debra Jack, Head of Comms  article author

  March 11, 2025
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  FAQsAre there closing costs on a HELOC?

  Closing costs pay for all aspects of real estate transactions, including processing, taxes, and fees. The cost of closing on a Home Equity Line of Credit (or HELOC) varies between lenders and can include a range of fees and charges.

  

  Barron Ernst, Head of Product  article author

  March 10, 2025