Compare Your Home Equity Borrowing Options

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity

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Home equity is growing, but homeowners refuse to tap into it

With home prices continuing to rise, homeowners are becoming increasingly “equity rich”. But that hasn’t tempted many to take advantage of the situation, as the number of home equity lines of credit stays flat.

Home equity available to borrowers hits all-time high

Rising home values mean that homeowners are getting richer. Now, the amount of equity available to homeowners is at an all-time high, according to mortgage industry solution provider Black Knight Financial Services.

HELOC borrowers could soon find their payments increase

Homeowners who have home equity lines of credit, called HELOCs, could be in for a nasty shock when their monthly payments increase suddenly.

Thinking of Accessing Your Home Equity? Things You Should Know

Before the recession, many people were able to tap into their home equity but all this changed during the last few years. However now house prices are recovering, more people have regained access to this source of funding that can help pay for renovations or big-ticket items, or to simply reduce debt. According to an

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How to Pay For Your Home Improvement Project?

Home improvement projects are always fun and refreshing for everyone but your pocket. Many people undertake a home improvement project and then give up on it midway because they don’t find good financing alternatives. Some don’t even think about it because of the same reason.

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