Latest blog posts about Home Equity

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  Home Equity What are the pros and cons of a fixed-rate HELOC

  The traditional HELOC is a closed-end line of credit that usually has a variable interest rate. The new HELOC features a fixed-rate option that gives homeowners full and immediate access to their funds, and still allows them to make additional draws once the balance has been paid.

  

  Hannah Friedman, Sr. Content Manager  article author

  October 18, 2019
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  Home Equity How to get a home equity line when you have bad credit

  A home equity line of credit (HELOC) can be very beneficial to borrowers who need some cash and have equity in their homes. You may not think that you can get a HELOC if you have bad credit, but you may very well still be approved. Before we get to that, let's first talk about the typical requirements to qualify for a HELOC.

  

  Hannah Friedman, Sr. Content Manager  article author

  October 17, 2019
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  Home Equity How to calculate your home equity

  Before you can take out a home equity line of credit (HELOC), you must first determine the amount of available equity in your home. Home equity is the difference between the current appraised value of your home and your existing mortgage balance. The following post will help you to accurately calculate your home equity so that you can better understand your HELOC options.

  

  Alysse Guitar, Director of Growth  article author

  September 26, 2019
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  Home Equity Home equity loan vs. home equity line of credit

  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

  September 3, 2019
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  Home Equity How a Figure home equity line works

  Figure's Home Equity Line, a type of HELOC, may be a better fit if you need cash for recurring expenses like monthly bills.

  

  Alysse Guitar, Director of Growth  article author

  July 25, 2019
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  Home Equity 4 of the worst ways to use your HELOC

  You want to be thoughtful with how you utilize your HELOC. Some purchases aren't the best option for this money. No matter what, you should avoid using your HELOC for these four instances.

  

  Alysse Guitar, Director of Growth  article author

  July 25, 2019
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  Home Equity 3 signs a home equity line is right for you

  You can use the equity you’ve built up in your home to meet your larger financial goals. Home equity refers to the portion of your home that you actually own.

  

  Nicole Beaulieu, CTO  article author

  July 19, 2019