by sgomes | May 29, 2024 | Mortgage
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...
by sgomes | May 17, 2024 | Finance, Mortgage
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...
by sgomes | May 3, 2024 | Finance, Mortgage
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...
by sgomes | Jan 5, 2024 | Home Equity, Reverse Mortgage
Over the past decade we have assisted numerous reverse mortgage borrowers and have seen a pattern of how the funds are being used. If you’ve read prior blogs on this type of home loan, you already know that funds from a reverse mortgage can be accessed in many ways....
by sgomes | Sep 22, 2023 | Home Equity, Mortgage Rates
A home equity loan and a home equity line of credit (HELOC) are both types of loans that are secured by a borrower’s home. However, there are some key differences between a home equity loan and a HELOC. A home equity loan is a fixed-term loan that is granted by a...
