What exactly is home equity? Equity is the amount of the home or property that you actually own. Take the difference between your loan balance and your home’s market value to estimate the amount you have in equity. One of the major benefits of home ownership is the opportunity to build equity. Essentially, equity is an asset and …
Are you interested in getting a second mortgage, home equity loan or home equity line of credit? Read on to learn about the pros and cons of this line of credit.
If you want to make an important purchase but do not currently have the money, you don’t necessari...
Home equity—the current value of your home minus your mortgage balance—matters because it helps you build wealth. When you have equity in your home, it’s a resource you can borrow against to improve your property or pay down other high-interest debts. However, it’s also volatile because home values
Home equity is the amount of money built up in your home from the cash investment used as down payment and the increase in real estate prices.
Your home can be an excellent source of financial security. But you must take care and caution to ensure you use home equity responsibly.
Equity reveals the portion of the property value that you can rightfully claim as your own.
Will owning your home cost you financial aid? Read on to find out.
Home equity lenders aren’t just competing with each other, but also with online providers of personal loans. All indications are that the speed, convenience, and generally superior digital experience offered by fintech lenders in the unsecured space is more appealing to consumers. Consumers don’t much care that unsecured personal loans typically carry higher interest rates …
Deciding if a HELOC is right for you means asking questions. You’ll find answers below to some of the most common ones, in 10 words or less.
You’ll often hear the term equity when it comes to homeownership, but you may not even know what that means even if you already own a home.
It’s been a good summer for home values, and it may spark dreams of how you can put the equity in your home to good use. What is home equity? It’s the difference between the current market value of your home and how much you still owe on your mortgage loan. As the value of …
Do some soul-searching and look at the numbers before you make the big decision.
Clearing up the confusion on how to responsibly leverage your equity to help fund retirement.
The housing crisis dried up equity, left millions of homeowners underwater and taught millions of others the value of saving.
As a homeowner, you’ve worked hard paying off the mortgage on your house and updating it when you can. Now it’s time for the house to work for you! Low rates mean there’s a bit more equity in your home, which is an opportunity to use that equity to put some money in your pocket or purse.<br>David Hall from Hall Financial explains how you can make your home equity work for you by refinancing your home for a lower rate.
Find out how to calculate the equity in your home, your home equity percentage, and the loan-to-value (LTV) based on the current market price.