Can Down Payment Be Used As Equity?

Answer Buying a home is a big financial undertaking. For many Americans, their home is one of their biggest assets. Understanding the many facets of home ownership and financing is key to making smart dec... Read More »

Top Q&A For: Can Down Payment Be Used As Equity

How to Calculate an Equity Line Payment?

Lines of credit taken against the equity in your home are called a "home equity line of credit" or "HELOC." HELOCs are provided to you at either a fixed interest rate so that the payment will not f... Read More »

How is a Monthly Payment Determined on a Home Equity Loan?

Home equity loans allow homeowners to borrow money with their home as collateral for the lender. These loans offer relatively low interest rates and fixed monthly payments. Calculate the monthly pa... Read More »

What are home equity line of credit payment terms?

A home equity line of credit is one way to get money out of the equity you have established in your home. Terms for home equity lines of credit will vary from lender to lender, but some terms are c... Read More »

Can I Use Equity in Present Home As Down Payment for Second Home?

Homeowners buying a second property or new home can extract funds from equity in their current home for use as a down payment. People who have an existing home equity line of credit, or HELOC, have... Read More »