Category: Home Equity

Keep From Busting Your Budget by Asking These 7 Questions

These six strategies can help you meet your financial goals. Can you tackle your debt and pump up your savings at the same time? The answer is yes. We’ll show you six strategies to help you do both.  Balancing Act Paying off your debt while building your savings can be tricky, but it’s all about balance. Do you want to put more money…

Is it time to declutter your finances? Learn the simple way to organize, consolidate, and automate your way to financial order.

Investing in property can be a smart way to diversify your portfolio, generate cash flow, and build wealth.

If you’re looking to borrow a Home Equity Loan or Line of Credit, the term debt-to-income ratio is likely to come up. This is a major consideration when a lender is evaluating a credit application. You'll want to be sure to know what it means.

Before you tackle that home renovation project, understand which deliver the best return on your investment.

A home equity line of credit, aka HELOC, makes it possible for many Americans to purchase a second home, complete a delayed home improvement project, pay off high-interest rate credit card debt or achieve any number of financial goals without selling their primary residence. The popularity of HELOCs continue to rise.

Borrowers looking to apply for a Home Equity Loan or Line of Credit are likely to hear the term "second mortgage" at some point as they are shopping and applying for a loan. Although a common term, it's one that is often open for misinterpretation. In our latest blog, we review this terminology and bring clarity to it.

Homeowners who need additional funds to pay for college, buy a second home, consolidate high-interest debt, or pay for a special event often find themselves unnecessarily stumped by the question “How am I going to pay for this?” Many homeowners can avoid accessing savings or borrowing against a retirement account to pay for these and other expenses. They can do so by tapping into the equity in their home.

A home appraisal is an impartial evaluation of a home’s value performed by a professional appraiser. What an appraisal allows a bank to do is confirm that the value of your home is more than the outstanding balance on your mortgage plus the amount you are looking to borrow on your Home Equity Line of Credit.