When Should I Use an Equity Loan to Pay for My House?

Answer Home equity loans are mortgages you can use to buy or refinance residential property. Unlike conventional mortgages, home equity loans are not typically sold to investors and therefore do not have ... Read More »

Top Q&A For: When Should I Use an Equity Loan to Pay for My ...

How to Get a Loan on the Equity of the House?

Taking out a home equity loan can provide cash to renovate your home, for you to go on vacation or pay down credit card debt. A home equity loan borrows cash from your equity, but owning a home doe... Read More »

If You Have a Home Equity Loan, Do You Have to Pay Off the Loan Before You Sell Your House?

A home equity loan utilizes the equity you have built in your home as collateral for a new debt. Typically, this debt goes toward improvements to the property, but it may also be used to purchase c... Read More »

When is it a good time to take out a home equity loan?

On One Hand: Anytime is Good for Safe InvestmentsYou should be conservative when taking out a home equity loan. One good use of the money is for home improvements, because then the money will make ... Read More »

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 »