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Use Your Home Equity

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A MoneyTips Guide to Home Equity Loans

We’re often told that one of the biggest reasons to become a homeowner is to pay yourself and not give away our hard-earned money to a landlord. Now that you’re a homeowner, you may be wondering how to access all that money you’ve kept from a landlord – without selling your home. The answer: Tap...

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two houses looking at differences between HELOC and Home Equity Line of Credit

Home Equity Loan vs. HELOC: What’s The Difference?

If you’re a homeowner and need money, one of the most affordable ways to get it is to borrow against your home’s equity. While there are different options available, like a cash-out refinance, the two most common options to access your home’s equity are a: Home equity loan Home equity line of credit (HELOC) Let’s...

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What Is a Home Equity Line of Credit?

Have you been looking out into your backyard and wishing there was a pool there? Or maybe you’ve been wanting to turn that dark, dingy basement into your go-to hangout spot. Home improvements can be a great long-term investment, but they usually come with high upfront costs. If you’re like us and don’t have tens...

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house with rainbow strands

How Long Does It Take To Get a HELOC?

Sometimes you need money. Maybe an emergency has come up. Or, lo and behold, you didn’t save enough to pay for that trip you want to take. The million-dollar question becomes: How will you get the extra funds?  If you’re a homeowner, one option is to tap into the equity in your home by taking...

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Stylish apartment living room

Getting a HELOC on an Investment Property: What To Know

If you own a second home that you rent out, a full-time rental property or another investment property, you may be wondering how to get the most value from your real estate investment. One way to do it is with a home equity line of credit (HELOC). As the name suggests, you can use this...

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man on computer working out mortgage loan modification

How the Mortgage Loan Modification Process Works

Have you missed one or more mortgage payments and can’t refinance your mortgage? In that case, you may be eligible for a mortgage loan modification. While this type of mortgage modification program is normally used as a last resort, after all other refinancing avenues have been exhausted, a modified mortgage loan can help you stay...

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big blue dollar sign: home equity loan or refinance?

Should I Get a Home Equity Loan or Refinance?

When you own a home, you have a few ways to tap into its value. Once you’re tapped in, you can use that equity to upgrade your home or save some extra money on your mortgage. Enter your new friends: home equity loan and cash-out refinancing. Both options are highly dependent on the value of...

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zig zag thread arrows referencing concept of bad credit

How To Get a Home Equity Loan With Bad Credit

If you need money for renovations, repairs, emergencies or debt consolidation, a home equity loan is a great way to borrow the money you need at a low interest rate. But, if you’re dealing with bad credit or other money issues – like a high debt-to-income (DTI) ratio or not having enough home equity –...

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happy woman opening the door once she hears tips for a second mortgage

5 Tips for Getting a Second Mortgage

Whether you’re thinking about going back to school or making a major repair on your home, you’re probably asking yourself one very important question, “Where am I going to get the money to pay for this?” If you’re like most Americans, you may not have a ton of money stashed away in savings. A recent...

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