Home Equity

Many homeowners are inquiring about the current requirements to take out a home equity line of credit or HELOC. Borrowers must learn about the HELOC loan requirements for cash out like credit score, debt to income ratio and loan to value before completing a loan application with a mortgage lender or bank. One of the … Read more

A home equity loan is a fantastic way to tap into your home’s equity without doing a cash-out refinance. But before you can receive a portion of your equity in cash, the lender must know the home’s value. Typically, that requires a new home appraisal. But there are exceptions. Everything You Need to Know About … Read more

Many Americans want to get a home equity line of credit or HELOC on their primary residence. But what about a HELOC on a rental property? It’s possible to get a second mortgage or equity line of credit on a 2nd home or rental property, but the HELOC loan requirements are more challenging than for … Read more

More and more people have been inquiring about the possibility of refinancing a home equity loan or credit line, so we thought we post an article outlining the pros and cons and requirements to see if you are a good fit. Many homeowners have taken out home equity loans and equity lines of credit to … Read more

Home improvement loans have been helping American consumers brighten their neighborhoods and increase their wealth for decades. With every passing day, our needs and priorities change.  When you’re young and living with your parents you never think of purchasing a home or a car but as you grow up, you’re more mature and you start … Read more

Buying a home is an investment, and equity is an indicator of financial stability. However, the hefty cost of refinancing often makes it difficult for people to choose it as an option. Borrowers now have the ability to get cash out without refinancing with programs such as home equity loans and lines of credit. You … Read more

Wondering whether you should go for a home equity loan or a home equity line of credit (HELOC)? We’ve got you covered! While both home equity loans and lines of credit allow homeowners to access their property’s value for cash, they function differently and are suitable for varying circumstances. With interest rates trending higher in … Read more

Rising interest rates have made the HELOC loan a popular choice in 2024 for homeowners to tap home equity and get cash without breaking the bank. We will explore the HELOC loan requirements for credit scores, DTI and cash out, so you can take out a home equity line of credit and borrow with confidence … Read more