What is a HELOC?
Many wonder, what is a HELOC? Short for home equity line of credit, HELOC is a loan set up for maximum draw, not for a fixed dollar amount. HELOC is a line of credit secured by your home that...
Home Equity Loan: Requirements and Rates
A home equity loan is a second mortgage for fixed amount, at a fixed interest rate, to be repaid over a set period. As property values and mortgage rates rise, homeowners look to take advantage by tapping in to their...
What is a Home Equity Loan
What is a Home Equity Loan? It's a commonly asked question: what is a home equity loan? In short, a home equity loan allows homeowners to borrow money using their home's equity as collateral. With a home equity loan, homeowners can...