Still, no-appraisal home equity loans do exist and they're often completed via sales data, tax values in your location or a combination of both. The specific criteria will differ depending on the ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

Lower loan maximums: No-appraisal home equity loans tend to have lower loan limits than traditional loans. Depending on the lender, you may be limited to $250,000 or less, regardless of your home ...

"Home equity loan rates can vary a lot by institution type, whether it is a bank, credit union, mortgage banker, etc. So really you just need to look at your options," says Whitehead.

Lenders are increasingly saying goodbye to appraisals for HELoans and HELOCs. We closely look at no-appraisal home equity loans — and whether you need a traditional appraisal at all.

Understanding Home Equity Loan Appraisals. When you apply for a home equity loan, the lender typically orders an appraisal.This helps them assess the current market value and condition of the ...

Do home equity loans require an appraisal? ... How to access your home equity. Your home isn’t a piggy bank, but there are wise ways to tap your ownership stake for cash.

Lenders are rethinking traditional appraisal defaults in home equity lending as faster, data-driven alternatives offer speed, savings, and regulatory compliance.

You can borrow as little as $35,000 or as much as $300,000 and choose a term of 10, 15, 20 or 30 years with a Discover home equity loan. Loan proceeds can be used to cover home improvement ...

U.S. Bank’s home equity loan stands out for having no application fee or closing costs. However, its 80% loan-to-value borrowing limit is less generous than many other lenders.

Home equity is the percentage of your home you own outright, versus the amount you still owe on a mortgage. If you made a 20% down payment, you'd start out with 20% equity. As you make monthly ...