Home Equity Line of Credit

Since the start of the COVID-19 pandemic and nationwide lockdowns, more Americans have been working from the convenience of their homes.  But what if you want to be your own boss from the convenience of your home?  Statistically speaking, you’ve got lots of company. Of the more than 32 million small businesses in the United...

Sometimes you need money. Maybe an emergency has come up. Or, lo and behold, you didn’t save enough to pay for that trip you want to take. The million-dollar question becomes: How will you get the extra funds?  If you’re a homeowner, one option is to tap into the equity in your home by taking...

If you own a second home that you rent out – a full-time rental property or another investment property – you may wonder how to get the most value from your real estate investment. One way is with a home equity line of credit (HELOC). As the name suggests, you can use this type of...

Have you missed one or more mortgage payments and can’t refinance your mortgage? In that case, you may be eligible for a mortgage loan modification. While this type of mortgage modification program is normally used as a last resort, after all other refinancing avenues have been exhausted, a modified mortgage loan can help you stay...

When you own a home, you have a few ways to tap into its value. Once you’re tapped in, you can use that equity to upgrade your home or save some extra money on your mortgage. Enter your new friends: home equity loan and cash-out refinancing. Both options are highly dependent on the value of...

Home Equity Lines of Credit (HELOCs) and home equity loans are two of the most common ways for homeowners with substantial equity in their homes to get cash-in-hand. A HELOC is a line of credit you can take out at various times at a variable interest rate, while a home equity loan is a fixed-rate...

Have you been looking out into your backyard and wishing there was a pool there? Or maybe you’ve been wanting to turn that dark, dingy basement into your go-to hangout spot. Home improvements can be a great long-term investment, but they usually come with high upfront costs. If you’re like us and don’t have tens...

Whether you’re thinking about going back to school or making a major repair on your home, you’re probably asking yourself one very important question, “Where am I going to get the money to pay for this?” If you’re like most Americans, you may not have a ton of money stashed away in savings. A recent...