Taking out a HELOC to pay off your mortgage is a common practice among many homeowners today. Read more to find out the pros and cons of using a HELOC to pay off your mortgage.
Are you looking to get your finances in check in the new year and put a budget in place you can stick to? Read our step by step guide on how to make a budget for 2020.
Most of us, at one point or another, have imagined updating our kitchen or bathroom but might not have recognized that we had the opportunity to realize our “pipe dream” with a home equity line of credit or loan. Here’s the deal: If you’re like most U.S. homeowners, you could be sitting on a sizable nest-egg without even knowing it. In fact, the average American with a mortgage now has more than $100,000 in home equity.