Latest blog posts about Home Equity

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  Home Equity How to pay off both student and mortgage debt at the same time

  Approximately 44 million people in the United States have student loans worth a total of $1.59 trillion, according to Experian. Many of these borrowers also own homes. While one of these debts can be difficult enough for a recent college graduate to handle, paying off both at the same time may appear to be an insurmountable challenge.

  

  Debra Jack, Contributor  article author

  February 28, 2020
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  Home Equity 5 reasons HELOCs are a better option than personal loans

  The most common options that the average person has for borrowing money are credit cards and personal loans, but homeowners have an additional possibility. A home equity line of credit (HELOC) is a particularly popular way to finance major expenses such as a home renovation.

  

  Barron Ernst, Head of Product  article author

  February 18, 2020
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  Home Equity Is a HELOC more ideal than a personal loan for credit score purposes?

  Much of the traditional advice for obtaining a loan still applies, including making payments on time,  applying only for credit that you actually need, and minimizing your credit card balances.

  

  Hannah Friedman, Sr. Content Manager  article author

  February 13, 2020
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  Home Improvement HELOCs vs. Personal loans for home improvement

  Deciding how to finance expensive home improvements often comes down to a choice between a home equity line of credit (HELOC) and a personal loan. According to HomeAdvisor the average cost of a new deck is about $7K, while a complete kitchen renovation can cost $10K-$30K. Most homeowners require some type of loan to make these types of improvements.

  

  Debra Jack, Contributor  article author

  February 12, 2020
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  Home Equity 8 tips for getting the best HELOC rate

  A home equity line of credit (HELOC) provides homeowners with an unsecured line of credit that they can draw on up to the amount approved by the lender. In that respect, a HELOC is similar to a conventional credit card.

  

  Alysse Guitar, Director of Growth  article author

  January 29, 2020
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  Mortgage Refinance 9 things to do before you refinance your mortgage

  The Mortgage Bankers Association reports that refinances comprised a significant portion of mortgage applications during the last half of 2019.

  

  Alysse Guitar, Director of Growth  article author

  January 13, 2020
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  Home Equity HECM vs. HELOC: which should you choose?

  Homeowners often need to borrow against their home equity, often to pay major expenses such as home repairs, medical bills or their children’s education.

  

  Hannah Friedman, Sr. Content Manager  article author

  December 10, 2019