Tackling a major kitchen remodel? Want to add a second bathroom to your home? Or maybe itâs time to add that second-floor master bathroom suite that youâve long coveted. A home equity line of credit, better known as a HELOC, can help. If youâve built equity in your home, you might be able to qualify … Read more
A cash-out refinance can be a great option to pay for a home improvement project. Thatâs especially true if you donât want to deal with getting a second mortgage loan or paying the typically higher interest rates for a home equity loan, home equity line of credit or personal loan. While youâre considering the best … Read more
A home equity loan is a type of consumer debt that allows you to borrow against the equity you’ve built in your home. In this context, equity refers to the current market value of your home minus the amount due on your mortgage. If your application for a home equity loan is approved, you’ll receive … Read more
Please note: Discover® Home Loans offers a home equity loan product, but does not offer HELOCs. When getting a home equity loan or home equity line of credit (HELOC), your mortgage eligibility and loan terms can depend on your loan-to-value ratio (LTV). LTV measures how much money youre borrowing against the value of your home, … Read more
This article is for educational purposes only. JPMorgan Chase Bank N.A. does not offer Home Equity Loans nor Home Equity Lines of Credit (HELOC) at this time. Please visit our HELOC page for future updates. Any information described in this article may vary by lender. If youre looking to buy a family vacation home, chances … Read more
When you need extra funds for a large expense, two popular options are installment loans and lines of credit. But how do you decide which one is the better fit for your situation? While both allow you to borrow money, there are some key differences between installment loans and lines of credit that you should … Read more
If you own a manufactured home â also known as a mobile home â you might be wondering if you can qualify for a home equity loan or line of credit. The answer is yes, but there are requirements specific to borrowing equity on a manufactured home, such as a higher minimum credit score and … Read more
Owning a mobile home can be an affordable way to enter the housing market However, many homeowners run into challenges when trying to tap into their home equity through loans or lines of credit. Traditional banks and lenders often view mobile homes as riskier investments and have strict eligibility requirements Thankfully, there are still some … Read more
The Short Answer is “Yes,” you can get a mortgage while in Bankruptcy. During any bankruptcy, there are a number of hurdles you may encounter when requesting new credit such as a mortgage. There are however ways to navigate these hurdles successfully. Here at Peoples Bank Mortgage, we specialize in assisting individuals who are struggling … Read more
Hard money loans are great, but they come with short fuses. Quickly after you get them, you have to refinance out or pay stiff penalties. After all, that’s the purpose of a hard money loan. You buy, fix up, and rent out the house. Hopefully, you have enough equity to refinance into a 30-year fixed … Read more