Tag: Home Equity

Top Uses Of A HELOC

Top Uses Of A HELOC

July 5, 2018 |

Homeowners who have equity built up in their homes can tap into that equity using a home equity line of credit, or HELOC. This financial tool can be a great way to accomplish a number of financial goals.

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Equity Loan and HELOC vs. Reverse Mortgage – What’s the Difference?

Equity Loan and HELOC vs. Reverse Mortgage – What’s the Difference?

April 24, 2018 |

There are times in our lives when the idea of freeing up cash becomes desirable or necessary. Near retirement, this is a common consideration. The typical financial tool that many retirees want to know about is a reverse mortgage, but it’s not the only equity tool available.

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Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

March 27, 2018 |

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value and you are making a down payment.

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