If you own a home and have thought about borrowing to make home improvements, chances are you’ve heard about home equity borrowing. This popular and flexible borrowing solution, which lets you tap your home’s equity, can be an attractive way to finance not only home improvements, but also other major life expenses. You can even […]
Solutions to the Tax Changes on Home Equity Loans and Lines of Credit
Recent changes to the national tax code have impacted several areas, including the deductions some home owners were used to taking. This reform affects home equity loans and lines of credit. Here’s the information you should know, and some solutions to help you better manage these changes. First off, what is Equity? Home equity is […]
Using Equity Loans to Winterize Your Home
There are all sorts of ways to guard your home from the winter elements. Some are cheap and may even fall in the do-it-yourself category, like adding weather stripping and caulking. Other endeavors, such as swapping out single-pane windows for energy-efficient double panes, or replacing a furnace, are beyond the skill set of most homeowners […]
Using Equity to Winterize Your Home
There are all sorts of ways to guard your home from the winter elements. Some are cheap and may even fall in the do-it-yourself category, like adding weather stripping and caulking. Other endeavors, such as swapping out single-pane windows for energy-efficient double panes, or replacing a furnace, are beyond the skill set of most homeowners […]
What’s a Good Use for a HELOC?
When you take out a second mortgage, a name for a home equity line of credit, you’re offering your house as collateral to secure another loan. The upside: You can gain access to up to 80% of your home’s value, minus your current mortgage balance and adjusted based on your creditworthiness. The downside? If you […]
