Home Equity Loans vs. HELOC Loans

Home Equity Loans vs. HELOC Loans

This week we’re continuing our discussion of popular methods and common reasons to access home equity.  Today we’re going to focus on Home Equity Loans vs. Home Equity Lines of Credit (HELOC) options. Home Equity Loan A home equity loan allows you to borrow a lump sum...
A Study of Home Equity Options

A Study of Home Equity Options

Introduction Understanding how to access home equity is crucial for homeowners looking to leverage their property’s value for various financial needs. Second mortgages, including HELOCs, home equity loans, and cash-out refinancing, provide avenues to tap into...
The Growing Popularity of Second Mortgages

The Growing Popularity of Second Mortgages

The current market for second mortgages is experiencing a significant increase in demand among homeowners. This surge in popularity is driven by various factors, including: Rising Home Values: As home values continue to increase, homeowners are finding themselves with...
U.S. Hiring Slowed Dramatically in April

U.S. Hiring Slowed Dramatically in April

Wage growth came in far below estimates according to Friday’s jobs report. Unemployment inched up in April, breaking the trend of strong jobs reports over the past year.  The silver lining is that this trend is good news for mortgage rates. The U.S. economy added...
Why HELOC Loans are so Popular

Why HELOC Loans are so Popular

Why are most homeowners choosing to access equity in their homes opting for a Home Equity Line of Credit (HELOC) loan?  Primarily because most homeowners currently have an interest rate on their mortgages that is far lower than the current market rate.  A cash-out...