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Use Your Home Equity

pink and orange house attached to home equity loans topic

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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hands typing on a computer what is a home equity line of credit

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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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

So you made it over the hurdle of owning a home, but, of course, something happens and now you need some extra cash to make repairs or updates. Obviously, you look to the hard-earned equity you’ve built up on your house. But there’s a minor roadblock keeping you from tapping into it: your credit score....

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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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