HELOC Archives

What is Home Equity? Here’s Everything You Need to Know

From what it is to how it works, we have everything you need to know about home equity and how you can use it.

The Complete Guide to Managing Consumer Debt

Debt isn’t always bad; it’s in how you manage it. Prosper covers what is consumer debt and how to manage it in part 2 of our money management series.

HELOC Pros and Cons: Is a Home Equity Line of Credit Right for You?

This post weighs the benefits and drawbacks of a home equity line of credit.

3 Ways to Use a HELOC During Retirement

Conventional wisdom says that entering retirement with no debt is the goal when it comes to retirement strategies. Sure, that may be possible for some people, but there are other retirement strategies to consider should you find yourself in a different spot during your golden years. Before we get into the pros and cons of […]

Why Cashing Out Your 401k May Hurt Your Financial Future

There are several ways to build an emergency fund to help see you through a seismic life event or an urgent financial situation, but is cashing out your 401k a good option? The Financial Impact of Cashing Out a 401k Cashing out a 401k may result in several consequences, some immediate and others that you […]

How A Fixed-Rate HELOC Option Works

Home equity lines of credit, or HELOCs, are a popular borrowing choice for homeowners–and the fixed-rate HELOC is no exception. While most HELOCs are variable-rate loans, the fixed-rate HELOC option is becoming more common.

HELOC vs. Cash-Out Refinance: What’s the Difference?

The two most common options for accessing home equity are a home equity line of credit (HELOC) and a cash-out refinance. Let’s take a look at the differences between a HELOC vs. cash-out refinance and when each might make sense for your financial situation and specific needs. With every mortgage payment you make, you’re building […]

HELOC vs HELOAN: What’s the difference?

So what’s the difference between a HELOC vs. home equity loan, and which one is right for you? Learn more about these two borrowing options that each use your home equity to access cash.