What does a HELOC entail?

The government agency noted that when setting up a HELOC, homeowners typically have to pay an appraisal fee, application fee and potentially a percentage point of the credit limit up front. As with no...

Varied Loans Suit All Potential Needs

There are loan types to cover every need. Conventional or jumbo home loans can help you move into the house of your dreams. Special loans designed for purchasing special kinds of properties, such as c...

Mortgage 101: Lingo You Need to Know

However, taking out a mortgage is not exactly a simple, or easy-to-understand, process. If you’re not well-versed in the loan lingo, you might not realize what you’re getting yourself into…and that co...

How to Decide Between Remodeling or Moving

How Much Does It Cost to Move? This will depend on how much you’re bringing with you, how far you’re moving, and what season it is. You also need to factor in the cost of selling which includes things...

Cash Out Refinancing in 2022: The Definitive Guide

How a Cash-Out Refinance Works A cash-out refinance is a type of loan where a borrower “cashes in” their home equity for cash in hand. How does it work? When you take out a mortgage to buy your home, ...

A Guide to More Money: Mortgage Edition (Refinance, Cash-Out)

Quiz time! As you read the summary notes for Refinances and Cash-Outs, there’s a common theme that ties them all together – see if you can find it. Refinance Looking at your current mortgage arrangeme...

5 Interior Design Tips for Your Home

The Truth: While the financial side of the homebuying process typically trumps stylistic features and interior design preferences in terms of significance in the grand scheme of homeownership, at the ...