Tag Archive for: HELOC

ADU/In-Law/Guest Cottage Financing – Part Deux

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I have been blogging about ADUs repeatedly over the last few years because states and local governments are so aggressively encouraging their construction – as a way to solve our […]Read More

How To Buy A House Before You Sell

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Buying a new home without going through the hassle (and risk of homelessness) of selling an existing home is something that most sellers desperately want to do.Read More

What’s The Difference Between A HELOC And A Home Equity Loan?

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Choosing between a HELOC and a Home Equity Loan depends on your specific financial needs and circumstances. HELOCs offer flexible access to funds with variable interest rates, making them ideal for ongoing expenses or projects where total costs are uncertain. On the other hand, Home Equity Loans provide a lump sum with a fixed interest rate, suitable for those who have a specific amount in mind and prefer consistent repayment terms.Read More

Texas Home Equity Loans: Your Questions Answered

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In the Lone Star State, you have two primary options for tapping into your home equity: a home equity loan and a home equity line of credit (HELOC). Home Equity Loan: This is a lump-sum loan that you repay over time. It's ideal for one-time expenses like home improvements or debt consolidation. Home Equity Line of Credit (HELOC): This is more like a credit card, where you can borrow money up to a certain limit and only pay interest on the amount borrowed.Read More

5 Reasons to Get a “Second Mortgage” ASAP

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This is a version of a blog I wrote last year, but with a twist. Last year, I focused on Home Equity Lines Of Credit (HELOCs) instead of just “Second […]Read More

Leveraging Your Home Equity: Paying Off Debt and Seizing Investment Opportunities

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Harness the power of your home's equity to pay off consumer debt and make smart investments, while avoiding risky borrowing practices.Read More

The Best Alternative to Bridge Loans

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Buying a new home before selling your current one can be overwhelming, and bridge loans have been the go-to solution – until now. Among the various financing options available, bridge loans have traditionally been a popular choice. But is it the best one? In this post, we will explore the pros and cons of bridge loans, how they work, and why our partnership with Catapult might be the game-changing solution you need.Read More

Are Home Equity Lines (HELOCs) Still A Thing?

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The Prime Rate today is 6.25% – a full 3% higher than where it was last year at this time. Prime Rate is the rate that commercial banks charge their […]Read More

Save Money With An 80-10-10 Loan

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In today's market, it is important to consider every way to save money when buying a home. An 80-10-10 loan can be an excellent option for many homebuyers. But what exactly are they and how do they work? Here is everything you need to know about saving money with an 80-10-10 loan.Read More

2nd Mortgage vs. HELOC (Home Equity Line); Which Is Better?

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Yesterday’s blog, 5 Reasons to Get a HELOC, was inspired by a question from my nephew – as he is a perfect candidate for a HELOC. He is in his […]Read More

5 Reasons To Get a Home Equity Line Of Credit ASAP

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When I was in law school, I clerked for a firm that specialized in commercial litigation. And – the first thing the attorneys did when considering litigation was to ensure […]Read More

Bridge Loans Explained (Buying Before Selling Current House)

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We often have buyers come to us who want to buy a new residence before selling their current residence. If they do not have enough cash for a down payment, […]Read More

How To Finance In-Law Units; Flight To Safety Again

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CA recently passed a bill (SB9) that eases zoning restrictions and makes it far easier for homeowners to add extra units to their properties. These units are known as Accessory […]Read More

DANGER! Home Equity Lines & Inflation

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A borrower reached out to me for a Home Equity Line of Credit (HELOC) recently, and I referred her to a local bank that we work with that offers the […]Read More