Finance Articles, Home Equity
A home equity line of credit, also known as a HELOC, is designed to let you access the equity in your home. You can use this line of credit for several reasons that benefit you financially. A HELOC carries a lower interest rate than many other loans and credit...
Finance Articles, Home Equity
Your home can provide you with more benefits than just a place to live. If you’ve built equity in your home, you can borrow against it and leverage the money to your advantage. What Does It Mean When You Have Equity In Your Home? Equity is the difference between...
Finance Articles, Home Equity
When you have a home that has accumulated equity, you have the option to borrow against it using several financing options. Two popular ways to gain access to the equity in your home are the home equity loan, and the cash-out refinance mortgage. Both allow you to...
Finance Articles, Home Equity
As you make payments on your home loan, you’ll build equity. Equity is the amount of your home that you’ve paid off, and it can be used as collateral for further financing. A home equity loan is one way to do that. Determining if this is right for you is a matter of...
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Finance Articles, Home Equity
Everyone knows that a house is much more than a home. Fostering families and caring for loved ones, homes incubate the creation of wonderful memories that last a lifetime. However, your property’s most valuable and enduring legacy is not just sentimental, but...
Finance Articles, Home Equity
Getting a home equity loan is a great way to secure funding to finance miscellaneous needs for your life. But, can you refinance a home equity loan? Yes, you can. The question you want to ask yourself is if you should and if the new terms will be beneficial to your...
