It's similar to a home equity loan or home equity line of credit (HELOC) in that you typically need to have at least 20% equity in your home to qualify.

Home equity loans are secured by your equity, which is the difference between the property's value and any existing mortgage balance. For example, if you owe $150,000 on a home valued at $250,000 ...

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

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

Pennsylvania has a mixed housing market with various property values. For many, borrowing funds is the only way for ...

One of the biggest perks of owning a home is the equity it allows you to build. When you sell, that equity can translate to ...

What do you do if you want to tap your equity without losing your low rate? You go for a home equity loan or a home equity line of credit (HELOC). For most lending products, youll ...

Here are seven missteps I made when refinancing my mortgage in 2009 – and what I would do differently today. I have to admit: ...

Here’s something many lenders overlook: Federal regulation doesn’t require a full appraisal for home equity loans under $400,000. Alternatives are allowed.

The following indicators may hint that a home equity loan is too risky or untenable: High debt-to-income (DTI) ratio Most home lenders want to see your debt-to-income (DTI) ratio at 36% or lower.

After using a home equity loan, many homeowners recommend looking into lenders like AmeriSave. They’ve helped people use their home equity wisely and offer tools to help you understand what you can ...