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Category: Home Equity

March 07, 2023

Home Equity, Quickly Explained

We’ll show you what home equity is and how you can use it to access low-cost financing through a home equity loan or home equity line of credit.

May 03, 2022

Six Reasons to Use the Equity in Your Home

There are many ways to use the equity in your home, you can use it for planned expenses or have it ready for the unexpected. In this video, we compiled six of the most common reasons people may tap into the equity in their home.

March 08, 2022

Hidden Money in Your House – Understanding, Building, and Accessing Home Equity

If you own a home, building home equity — the value of your home minus what you owe on your mortgage — is an important long-term strategy for building wealth. That’s because home equity is a resource you can borrow against to pay off debt or make investments that help your money grow. With this in mind, you may be wondering how much equity you have in your home, how you can access it, and how you can use it to build your financial future.

November 16, 2021

Traditional Mortgage vs. Home Equity Loan: Which is Right for You?

Whether you're ready to stop renting or already live in your forever home, understanding the difference between a traditional mortgage and a home equity loan is no less confusing. While both loan products are related to homeownership, they are not the same. Understanding how and why they differ could help clarify if either could be beneficial to you.

August 24, 2021

5 Ways to Use a HELOC This Year

Home values are on the rise across the country, which is excellent news for homeowners. Qualified borrowers can use a home equity line of credit (HELOC) to access the monetary difference between their home's market value and any loan balances or liens owed on the property. These funds can be used for almost any purpose, but homeowners who are strategic with their HELOC spending can enhance their financial standing before year-end. Here's how.

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