There are many ways to tap your home’s equity and convert it into cash. And these three loan options - HEL for home equity loan, HELOC for home equity line of credit, and cash-out refinance - help you reach that goal. Each option is not a one-size-fits-all method as it conjures scenarios that could Read more
Senior Home Equity for Q1 at Record-High
The RiskSpan Reverse Mortgage Market Index which measures held equity by older homeowners on a quarterly basis reported an all-time high increase of 227.07 in the first quarter of 2017. Since the index’s establishment in 2000, the current Q1 report marks a new record in its charts. The Read more
All About Second Mortgages
Any and all mortgages taken out after or simultaneously with the first mortgage are called second mortgages. They are especially potent in environments where home prices are rising because that would mean more equity to borrow against. Second mortgages serve several purposes and appear in a variety Read more
When Should I Refinance with a Home Equity Loan?
A Home Equity Loan may sound like a really good deal, especially when offering lenders use today’s low interest rates as bait. Certainly, if you’ve gained significant equity on your home, it may be tempting to tap into this reserve and use the loan proceeds to splurge on whatever you see fit. Or Read more
Home Equity Matters: Cash-out Refinance or HELOC
Your home contains an important source of funds that you can tap however you want, your home equity. Both cash-out refinance and home equity line of credit allow you to do that but offer differing ways to accomplish that goal. How would you like to receive your equity: in cash through a refinance or Read more
