Latest blog posts about FAQs

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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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  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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  FAQsDo I need an appraisal for a HELOC?

  Before applying for a HELOC, it's important to understand the appraisal process. This helpful guide explains exactly what to expect for your HELOC appraisal.

  

  Alysse Guitar, Director of Growth  article author

  January 13, 2025
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  FAQsCan you pay off a HELOC early?

  Some lenders allow you to pay off your HELOC early, but others charge a fee, known as a prepayment penalty if you chose to close out the loan early or carry a zero balance.

  

  Hannah Friedman, Sr. Content Manager  article author

  October 24, 2023
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  FAQsCan I use a HELOC to buy an RV?

  Wondering if a HELOC can be used to finance your RV purchase? Discover the pros and cons of using a Home Equity Line of Credit for this purpose.

  

  Barron Ernst, Head of Product  article author

  October 20, 2023
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  FAQsCan I use a HELOC to buy a boat?

  Curious about using a HELOC to buy a boat? Find out if it's a viable option for you and learn the ins and outs of this financing method.

  

  Barron Ernst, Head of Product  article author

  October 19, 2023
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  FAQsCan I get a HELOC if I have a low credit score?

  Considering a HELOC but you have a low credit score? Discover what lenders look for and how to increase your chances of approval.

  

  Hannah Friedman, Sr. Content Manager  article author

  October 16, 2023