- The pandemic may have restricted the way many of us lived, but it pushed the housing market beyond historic boundaries. Now those same homes we were stuck in during quarantine are worth more than ever before, making home equity lines of credit even more attractive. Apply Now! Median home prices have skyrocketed since the onset of the pandemic. That puts homeowners in a now-more-than-ever type…, Consolidate Debt, If you've got multiple sources of debt with various interest rates, here's your chance to put them all together under one APR. This simplifies your bills and could potentially save you a ton of money., Make Home Improvements, If you've been putting off that bathroom or kitchen remodel, now's the time to revamp your space. Using a HELOC is a great opportunity to knock a few home improvements off a list that's likely been growing since you were spending more time in your house. , Send the Kids to College, If you've been struggling with how to fund a college education, a HELOC might be one pathway to finance at least a few semesters. HELOCs come with decent credit limits to help you get intimidating tasks like getting the kid(s) off to college.., Pad the Emergency Fund, If you're sweating the next home emergency due to lack of savings, a home equity line of credit is one way to help you relax when it comes to prospects of tanking water heaters, AC that goes caput, or leaky roofs. Grab that HELOC and be well prepared for just about anything. Imagine all the things your home can do for you – especially now. Debt, home upgrades, school, or even emergencies, a home…
- The Best Way for Homeowners to Consolidate Debt, Your home is an investment and the returns come in a number of ways. One of those is dealing with financial challenges like personal debt. If you've been struggling with debt, there's a not-so-secret weapon exclusive to homeowners. You can consolidate and get relief now with a home equity line of credit, also known as a HELOC. If you've been in your home for years, you can unlock some serious…, Get a Lower Interest Rate, The advantage of a HELOC is that it's a secured loan, which means that unlike a personal loan, your balance is backed up by a piece of collateral. In this instance, it's your home. Secured loans tend to offer lower interest rates, which could save you big time., Make One Payment, One of the best features of debt consolidation is the simplicity. Instead of paying all those bills, you'll now have one. Sifting through stacks of statements can be overwhelming, so this saves a little sanity too., Only Pay for What You Use, A HELOC may be the smartest way to use your home's equity. Unlike a home equity loan, or second mortgage, that gives you one lump sum, you only repay what you use on a HELOC . It's the limit that's based on your home's value, but what you spend is up to you. A HELOC comes with many advantages, but one of the best may be debt consolidation. Put your home's equity to work for you with a HELOC . See…, Ready to apply?, Click here
- Buying a House? Handy Tips for Mortgages and Home Buying., You want to buy a house. Great! But there's a lot to buying a new home. It's a big change that affects your life in several ways. That said, you want to make buying your new home the best experience possible now and in the long run. To help you out we compiled a list of home buying and mortgage tips. Hopefully, this handy list will be helpful to you as you move forward with your new home purchase., How much house can you afford?, A fundamental principle of money management is keeping living expenses lower than your income. Since our homes are so important to our lives, understanding how much house you can afford is a must. Check out our loan and savings calculators. They are a quick and easy tool to help you find out how much house you can afford., Budget, Once you know how much house you can afford, it's time to set a budget. Some people cringe when they hear the word budget. However, having a plan for your money when it comes to buying a home can be the difference between peace of mind and major stress. Consider all the costs involved with purchasing a home. We'll get into these costs more in this list., Credit Score, As a general guideline, whenever a person is looking to borrow money credit scores matter. The lender wants to know if a potential borrower will be credit worthy and identify any possible risks. Most times a higher credit score means you will have a better chance of having a lower interest rate for your mortgage. There are other things that affect your interest rate, as well. However, your credit…, Which mortgage is right for you?, Some may not know but there are a variety of mortgages out there. It's a good idea to look at them and get familiar with them. Knowing the features and benefits of the various mortgages will allow you to make a better decision about which mortgage is the right one for you. Should you take a 15 year or 30 year mortgage? Maybe a 15 year mortgage would be better for your particular situation instead…, Understand the Costs Involved with Buying a Home, Buying a home isn't like going to the store and buying a new TV. In fact, home purchases are quite unique. There are costs involved with buying a home that you will need to keep in mind when planning and setting a budget. Here's a list of some of the costs you should consider. Principal, Interest, taxes, and insurance Utilities Appraisals Inspections Closing Costs Moving expenses, Get Prequalified, When buying a home it's a good idea to get prequalified. It helps the home buying process go smoother. When you are pre-qualified for a mortgage you'll know much better about how much house you can afford and what price range you can shop. Plus, real estate agents want to know if you have been pre-qualified when they work with a client. It's just better to be pre-qualified., Knowledge is Power for the Home Buyer, The bottom line is that you want to be happy with your home purchase. That means buying the right home at the right price using the right mortgage and interest rate for you. The more you can know and understand about home buying and mortgages the better. Hopefully this list of tips is helpful, whether you're a first time home buyer or haven't bought a home in a while. If you have any further…, Useful Mortgage Resources:, Mortgage rates – Browse mortgage rates for various mortgage products., Loan and Savings Calculators, – Crunch the numbers. How much home can you afford? What should your down payment be? Check out our calculators below! Mortgage Products - Browse mortgage products. Mortgage Application - Are you ready for the next step? Apply for a mortgage.
- If you're still renting and have been for years, now might be the time to reconsider. Today's low interest rates could put your house payment on par with that rent check and you'll find you get much more in return. Using current rates , it wouldn't be unusual for a mortgage payment to be just $50 to $100 more than rent. It's a relatively small increase that could be used to build equity in a home…
