Tag Archive for: home equity lines of credit

Understanding Home Equity in Mortgages

When it comes to real estate, equity is a term that holds significant importance. But what exactly is equity? Simply put, equity is the difference between the market value of your property and the amount you owe on your mortgage. It represents the portion of your home that you truly own. Read More

HELOCs Fading; Jumbo Rates Way Higher; FAQs

Two of the nation’s largest banks announced that they will no longer originate new Home Equity Lines of Credit (HELOCs). This is of course in response to the COVID-19 crisis. […]Read More

Home Equity Line = Best “Bridge Loan;” Cheaper, Easier, More Cash

We mention this often, but Home Equity Lines of Credit are the best “Bridge Loans” for buyers who want to buy a new home before selling their current home. They […]Read More

Home Equity Line of Credit (HELOC) Explained – Terms

Home Equity Lines of Credit (H.E.L.O.C.s) are popular once again b/c borrowers now have more equity in their homes and b/c HELOCs are the “10” in our “80/10/10” financing. 80/10/10 […]Read More