Ever since making your very first mortgage payment years ago, you’ve been slowly building up home equity. Now, if you have a variety of high-interest debt weighing heavy on your mind, you may be wondering how to use home equity for debt consolidation so you can sleep easier at night. Why Use Home Equity to […]
COVID-19 has drastically changed our lives in many ways — from jobs to finances — and now it’s impacting how to get a HELOC. If you’re a homeowner looking for emergency funding, debt consolidation, or cash for home improvements, a home equity line of credit, or HELOC, may be a great option. But the opportunity […]
Being a homeowner can offer many benefits, including the ability to build home equity. But exactly what is home equity and why is it so important? We have everything you need to know about home equity from how to calculate it to how to use it. Most importantly, we’ll explain how it could also be […]
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.