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 ...

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

By determining your home’s value, the appraisal will help determine the amount of equity you have, and the amount the lender will allow you to borrow against. Typically, you won’t be able to ...

AVMs were utilized on 43% of home-equity loan originations. The AVM “is a very frictionless, zero-time method to value someone’s home,” says Kuar. “The borrower does not have to wait.

Common Home Equity Loan Closing Costs Consider setting aside 2% to 6% of the loan amount for closing costs, although the exact amount can vary by state, lender and other factors. Here are some ...

A home equity loan or HELOC is excellent for large loan amounts to cover significant expenses, but some borrowers may not need a big loan. Regions Bank’s low minimum HELOC loan amount of $10,000 ...

Home equity represents how much you own of your home compared to what the bank or mortgage lender owns. If you've paid off your home in full, you have 100% equity.

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 ...

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.