Search results for “Home Equity”


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...


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...


Millennials Could be Foregoing Equity Wealth
November 19, 2018

Millennials Could be Foregoing Equity Wealth

While reams of research have been done on why members of the Millennial generation are less likely to own a home compared to their baby boomer and Gen X elders at the same age, the Urban Institute (UI...


8 Easy Ways to Add Value to Your Home
June 1, 2021

8 Easy Ways to Add Value to Your Home

1. Paint a Room With just one fresh coat of paint, a dull room can be transformed to a bold one. Don’t want to make that big of a splash? Create an accent wall or add color to the trim for a trendy up...


5 Questions to Ask Before You Refinance This Year
March 15, 2021

5 Questions to Ask Before You Refinance This Year

A home loan refinance is about striking at the right time, particularly when it comes to interest rates, home equity, and your financial and living situation. Refinancing without carefully considering...


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...


How to Decide Between Remodeling or Moving
November 3, 2021

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...


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...