Is a credit check a part of applying for a home equity loan?

Answer Credit checks are a standard part of the application process for home equity loans. The lender will pull your credit report from one of more of the three nationwide credit reporting agencies--Trans... Read More »

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Is a FICA Score Considered When Applying for a Home Equity Loan?

There are two separate acronyms, FICA and FICO, that are often confused. FICA stands for Federal Insurance Contribution Act, and it has nothing to do with lending. FICO stands for Fair, Isaac and C... Read More »

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

Is a home equity loan or a line of credit better?

On One Hand: Home Equity Loan BenefitsHome equity loans are ideal for covering a significant expense such as a new car, or for consolidating credit card debt. The benefits of this type of loan incl... Read More »

What is a home equity line of credit loan?

A home equity line of credit loan is a type of credit available specifically for homeowners. Home equity line of credit loans afford homeowners a way to use the equity built up in their homes witho... Read More »