What Is a Good APR for a Home Loan?
One of the most important parts of your mortgage loan estimate is the annual percentage rate, or APR. This number calculates the yearly cost to borrow while accounting for both your interest rate and lender fees. Find out how APR works and how to get a good one during your homebuying process. What’s considered a […]
5 Tips for Sticking to Your Renovation Budget
It’s easy to blow through your home renovation budget, but you can avoid going overboard by comparing several quotes and finding a good contractor.
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.
How to Use Home Equity
Have home equity available? Explore all of the ways you could use this financial resource.
Is Remodeling an Old Fixer-Upper Worth It?
Whether you’re taking a home you already love and making it better or taking a fixer-upper and restoring it to livability, the key to a successful remodel is planning. Remodel projects take a significant investment in time, money, and effort, and the details can become overwhelming without proper planning. Fortunately, by breaking it down step-by-step […]
Small Bathroom? Big Opportunity: Bathrooms and Home Equity
One of the biggest reasons to remodel or add to your home is to improve its resale value. Many renovations and remodel projects show a solid average return on investment (ROI.) While opinions vary on whether adding a bathroom is a smart way to boost a home’s value, a bathroom addition can often have a […]
Construction Loan vs. HELOC: What’s Best for a Home Improvement Project?
Can’t decide between a construction loan vs a HELOC? Prosper can help you pick the best way to finance your home renovation project!
How Much Equity Do You Need for a HELOC?
You probably already know that a home equity line of credit (HELOC) may be one of the smartest ways to fund significant home repairs, pay for education costs or consolidate outstanding high-interest debt into a single loan at a lower interest rate. But how much home equity do you need for a HELOC? In this […]
Using a HELOC to Pay Off Your Mortgage
Should you use a HELOC to pay off a mortgage? Weigh the pros and cons to find out if using a home equity line of credit is your best option.