Can I Get a Home Equity Loan on a 2nd Home, Vacation House or Rental Property? Home prices seem to be leveling off with one major house price indicator at S&P finding prices up 19% from January 2021. This is a blistering pace, especially when you consider this growth was on top of an 11%… Read More »
How to Get a Home Equity Loan Are you thinking about getting a home equity loan and want to know what the requirements and lending guidelines are in 2023? Wondering what all these home equity advertisements are all about? A home equity loan is a second mortgage that gives you a portion of your equity… Read More »
It’s no secret that swimming pool loans have become popular with homeowners across the country looking to maximize good living and property values. Many homeowners are unaware of the many swimming pool loans that are backed by both secure and unsecure financing opportunities available today in the United States. Most mortgage lenders and banks are… Read More »
Do you have an older family member living in your home? You may want to have them move into another building on your property, which is known as an accessory dwelling unit or ADU. Some simply call it a mother-in-law unit. Building a second dwelling on your property can be a fine way to add… Read More »
The 2023 tax deduction eligibility for home equity credit lines is a critical point for consumers looking to maximize homeownership benefits. If you own your home, you probably have noticed that real estate prices have climbed significantly in the last year. For some homeowners, they may be enjoying 25% or more of home price increases… Read More »
Do you have growing equity in your home? If so, you may want to pull out some of that cash to remodel your kitchen, pay off debt, or fund your child’s college tuition. You can tap your equity with a mortgage refinance or a second mortgage. If you already have a low-interest rate on your… Read More »
If you own your home, you will like continue to enjoy rising home values in 2020. With higher home prices and rock bottom low interest rates, a good option for many home owners today is to open a home equity line of credit. In the past you could deduct the interest paid on a HELOC… Read More »
Many financial advisors and mortgage brokers consider the HELOC the best home improvement loan, mostly because of the product’s flexibility. #1 HELOCs have a low interest rate The home equity credit line has a lower, variable interest rate than a home equity loan. That second mortgage has a fixed rate and payment plan. A HELOC usually… Read More »
Home owners who meet the lending criteria may be able to get a second mortgage loan if they qualify. You may have heard radio advertisements recently bragging about how low second mortgage rates are today for home equity lines of credit and fixed cash out 2nd mortgages. Getting a Second Mortgage Can Help You Gain Access… Read More »
Home-owners have seen the equity in their home increase the last few years, and interest rates are on the rise. Rather than refinancing their first mortgages and possibly getting a higher interest rate, more home owners are opting for a home equity loan that provides a clear and simple path to receive cash back cost-effectively.… Read More »
The values of Americans’ homes are rising with the average increase approximately 7% more than last year. Some parts of the country are seeing double digit increases in value. If you want to sell your home soon, you may want to do some smart remodeling to increase your equity and property value. There are many… Read More »
Anyone who owns their home probably has a list of home improvements they want to do. Whether it is renovate the kitchen, add a bathroom or update the A/C system, most of us have plenty of things on our wish list. What often stands in the way is money, naturally. Many home improvements cost thousands… Read More »
Is the value of your home rising? Do you have at least 10 to 20% equity? Then you may be thinking about tapping some of your hard-earned money with a home equity line of credit, or HELOC. If so, please use this article as your guide to HELOC loans for 2023. The tax deduction laws… Read More »
Getting a home equity line of credit or HELOC loan looks to be popular move in 2020. The best HELOC rates are still very reasonable, and property values are appreciating in much of the US. It’s no secret that homeowners have access to many financial benefits such as tax deductions and flexible low interest home… Read More »
Most homes in America are purchased with a mortgage. If you have a mortgage, you probably have some equity in your property. This is almost definitely the case in 2022 because house values are peaking at record highs. For many years, the second mortgage has been a popular financing tool for homeowners to remodel or… Read More »
As you may have heard on the radio recently, home equity loan rates remain at some of the lowest levels in decades. One of the best aspects of home ownership is that you grow equity in the property over time. If you choose, you can pull out some of that cash with a fixed or… Read More »
Many people don’t realize that they can finance a swimming pool with a home equity loan. While it will always be cheaper to pay cash for your new pool, there are a number of swimming pool financing options to consider. One way to save money on taking vacations is to have a vacation right in… Read More »
Not all banks and loan shops offer 2nd mortgages, so we suggest finding second mortgage lenders and brokers that specialize in this unique niche market of subordinate financing. Try walking into your favorite bank or neighborhood credit union and obtaining a low rate second mortgage or credit line with average homeowner credentials. Meet 2nd Mortgage… Read More »
Many people believe that bad credit home equity loans are not possible. It is not surprising that the people who often need loans the most are the ones with bad credit. If you have a low credit score, it is likely you have been turned down for lines of credit before. Whether you need funds… Read More »
Many Americans want to remodel their homes but lack the cash in the bank to pay for the remodeling projects so home improvement loans have become popular solutions. So what to do? Well, the credit markets are loosening up quite a bit in the last few years, so you may have more options to finance… Read More »
If you are carrying high interest debt on credit cards or on other high interest lines of credit, one thing to consider is to take out a second mortgage on your house. A second mortgage is another loan on your home in addition to your first mortgage. Your home is used as the collateral so… Read More »
Life has a tendency to get expensive, especially when you least expect it. As a homeowner, it often seems that you fix one problem only to see another pop up in its place. A leaky roof? A busted air conditioner? Plumbing problems? Whether you have a legitimate fixer-upper on your hands or you’re simply looking… Read More »
Most people who own their home probably has a long list of home improvements they want to make: replace the kitchen counters, replace the family room floor, build an addition, or renovate the master bathroom. There are a plethora of home improvement loan programs that come in many shapes in sizes. Naturally, what slows down… Read More »
Are you thinking about installing solar panels on your home and wondering how to pay for it? If you are considering going solar, the good news is the price of these systems has dropped in recent years. And there are many solar panel financing options than ever. Keep reading to learn about the available options… Read More »
Most people at one time or another need access to capital that is not sitting in their savings account. Perhaps you need to pay for your son’s college education, or you want to add a bedroom to your home. For homeowners, one of the most popular options is to take out a home equity line… Read More »
The tax deductibility of HELOC and home equity loan interest has been a hot debate between loan officers, lenders and consumers in recent years. As house values rise, more and more consumers have started asking me questions about home equity loan tax deductions. As a homeowner, you probably know that the US government encourages you… Read More »
Experienced lenders can help you compare construction loans and home equity credit lines, so you can evaluate the benefits and risks to ensure a wise decision. Homeowners often want to make many improvements to their home. It is after all where they live and spend most of their time. Homeowners also want to renovate their… Read More »
Donald Trump was elected the next president of the United States, and some financial experts believe that the President-elect could be good for the housing and mortgage industry. One of the areas of real estate that could see more activity is in home equity loans. A home equity loan is a form of a second… Read More »
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