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 »

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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 »

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 »

Home Equity Loan Vs. Auto Loan?

Homeowners have loan options when they want to purchase a car. For example, they may acquire an auto loan or use a home equity loan. However, it's best to weigh the benefits and drawbacks of each o... 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 »