Search results for “Home Equity”


Understanding the Basics of Home Equity in 2021
March 22, 2021

Understanding the Basics of Home Equity in 2021

By definition, home equity is the difference between the property’s current market value and the amount you still owe on the mortgage for that property. For example, if your home is currently valued a...


What is Equity?
August 5, 2021

What is Equity?

How to Build Equity in My Home Buying a home is an investment. That’s one of the major perks of homeownership. As with any investment, the idea – and goal – is to build wealth over time. The concept i...


Why It's Important to Build Wealth with Homeownership
June 21, 2021

Why It's Important to Build Wealth with Homeownership

What Is Wealth? At what point would you consider yourself wealthy? Is it a specific dollar amount in the bank, or simply the point at which you recognize you’ve obtained certain freedoms, like retirem...


6 Benefits of Owning a Vacation Home
July 29, 2021

6 Benefits of Owning a Vacation Home

1. Tap into rental income Owning a second home presents the opportunity of renting it out when you’re away. And, if your second home is a great property in a desirable town, turning it into a rental...


Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance
December 13, 2021

Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance

Start with Your Home’s Equity Simply put, home equity is the market value of your home. The amount of equity you’ve built throughout the repayment period of your loan is determined by taking the appra...


5 Benefits of a Cash-Out Refi
December 14, 2021

5 Benefits of a Cash-Out Refi

If you’ve built up enough equity in your home, it may be a good idea to go through with a cash-out home refinance. Here are 5 reasons why you might want to. 1. You can use the cash you get for major e...


11 Frequently Asked Home Appraisal Questions
January 20, 2022

11 Frequently Asked Home Appraisal Questions

The Home Appraisal Process You may be wondering, how is an appraisal and appraiser scheduled? While you as the borrower are typically responsible for paying the appraisal fee, the lender typically ord...


5 Interior Design Tips for Your Home
August 24, 2021

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 ...


What does a HELOC entail?
January 27, 2021

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...