Latest blog posts about Home Equity

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  Home Equity5 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 EquityIs 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 Equity8 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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  Home EquityHECM 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
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  Home EquityWhat 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 EquityHow 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 EquityHow 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