What Is an Interest Only HELOC and How Do They Work?

If you want money to cover a major expense in 2024, a good option is an interest-only home equity line of credit (HELOC). People love the interest-only HELOC because it has a revolving credit line based on your home’s equity, and the money can be used for anything from paying for college tuition to credit … Read more

Home Depot Loans vs HELOC

Homeownership is wonderful, but there is a long list of expenses to consider, including dealing with the costs of home improvements. It is always nice to improve your home to make it more enjoyable to live in, but paying for home improvements always should be handled with care. When it comes to paying for home … Read more

Cash Out Refinance vs HELOC

Home values have been on the rise for consecutive years , and many Americans have more equity in their homes than ever before. If you want to tap some of your home equity, you may be thinking about a cash out refinance vs HELOC. Comparing the HELOC and Cash Out Refinance Loan Cash-Out Refinancing replaces … Read more

Bad Credit Home Equity Loans and HELOCs

If you are seeking a HELOC or home equity loan with bad credit can pose challenges, even with ample equity in your property. The pool of brokers and lenders that offer these high risk home equity loans and HELOC for borrowers with low credit scores is limited, so you must be prepared and organized. Let’s … Read more

HELOC for Debt Consolidation

Many homeowners have been using a HELOC to consolidating debt and refinance high interest accounts. Americans hold trillions in debt, including mortgages, auto loans, credit cards, and student loans. Some debt can be important to help you achieve financial goals. But high-interest debt, such as credit card balances, can be a major drag on your … Read more

How to Finance a Solar Energy System with a Home Equity Loan

While evaluating your solar energy loan choices, a significant decision is how you intend to finance your system. The good news is that there are numerous accessible solar financing options with home equity loans for homeowners interested in installing solar with minimal or no upfront costs. Home equity loans and HELOCs are frequently used to … Read more

Are there HELOC Closing Costs?

What Are the Closing Costs and Lending Fees on a Typical HELOC Loan? If you own your home, there’s a good chance your equity has grown in the last several years. Home values shot up during the pandemic era and millions of homeowners have more home equity than ever. That’s why many homeowners are interested … Read more