A home equity loan is a second mortgage that allows you to borrow against the value of your property. It is a fixed-rate loan that you pay back over a set length of time. The average interest rates provided by national and regional home equity lenders are listed in the table below. What Are Today’s […]
Can I Use A Home Equity Loan For Home Improvements?
Now that you have purchased a home, you have a variety of additional elements to consider. Do you pay off your mortgage early or refinance? Do you work on home improvement projects or dedicate that money elsewhere? The number of questions that you should address throughout your homeownership journey is nearly endless. For those who […]
How Do I Get A Home Equity Loan?
As a homeowner, you will likely be faced with an expensive repair to your home or another large and important purchase in your life that you need some financial assistance in order to fund. For many people, these moments can be frustrating; if only they still had some of the money that they had funneled […]
What Are The Advantages Of A Home Equity Loan
Did you know that paying on a mortgage can do more for you than simply reducing your level of debt? By generating more equity in your home (that is, “owning” more of it by virtue of paying down your mortgage balance), you can tap into your hard-earned ownership for financial advantages in the future. Two […]
How To Qualify For A Home Equity Loan
The process of securing a home purchase is a large financial decision, but the monetary planning does not end there. Navigating your financial situation after a home purchase may leave you feeling like there is not much money left to work with, but the reality is that your home itself can be used as a […]
Home Equity Loan vs HELOC: Which Is Right For Me?
A home costs a lot of money, and for many people, all of the investment that they’ve placed into their home by paying on their mortgage for years—or in other words, the “equity” that they have built in their home—is locked up and unavailable for use. However, vehicles such as home equity loans and HELOCs […]
What Credit Score Do Mortgage Lenders Use?
As you get ready to delve into the mortgage and homeownership process, you have likely come up with a number of questions about what impacts your ability to secure favorable terms for your mortgage — or to be approved for a mortgage at all. One of the main areas a mortgage lender will consider when […]
5 Questions To Ask A Mortgage Lender
Deciding to take out a mortgage is one of the biggest financial decisions most people will make in their lives. This means that thoroughly understanding the process and how it will impact your financial future are critical. As you shop around for a mortgage lender to acquire a home loan, do not be afraid to […]
How To Choose The Right Mortgage Lender
Whether you are considering purchasing a home for the first time or are seeking a mortgage to cover the difference between your current home’s equity and the purchase price of your new property, it is important to carefully choose the right mortgage lender. What is right for one person may not be right for the […]
