Figure's Homeowner Resource Center

Latest blog posts

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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
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  Home EquityCan I use a HELOC to purchase a second home?

  Tapping into home equity can help finance a down payment on a second home. Learn the pros, cons, and best ways to use a HELOC to reach your real estate goals.

  

  Barron Ernst, Head of Product  article author

  March 4, 2025
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  Home EquityWhy Low-Balance and Mortgage-Free Homeowners Should Consider a HELOC

  If your home is paid off or close to paid off, you deserve to tap your hard-earned equity.

  

  Alysse Guitar, Director of Growth  article author

  February 21, 2025