How Does a Home Equity Loan Work?
If you own a home, it’s likely the biggest asset to your name. That value can be put to work for you in the form of collateral for a loan, which you can use for whatever purpose you want, from home improvements to paying for emergencies.
That’s the gist of what a home equity loan is: money you borrow against what your home is worth.
Home equity is simply the difference between the value of your home — the amount it could sell for today — and what you owe on the mortgage. If you have a $100,000 mortgage on a property valued at $300,000, then
HGTV Celebrates 25 Years Of Home Giveaways With The HGTV Dream Home 2021 In Newport, Rhode Island
NEW YORK, Dec. 3, 2020 /PRNewswire/ -- HGTV today unveiled the 25th edition of the HGTV® Dream Home, a stunning coastal oasis sitting at over 3,300...
PowerPay partners with American Heritage Credit Union to deliver $1.5B in loans
PowerPay is now a 1st and 2nd look option to help consumers get the home improvements they need. Tweet this "This partnership allows us to...
The 5 Best Personal Loans of December 2020
Editor's Note: APRs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate...
Grants and loans for military veterans you may not know about
Even if you served in the military years ago, you may be eligible for valuable grants or interest-free loans for veterans — and not even...
What Is a Personal Loan?
A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly payments, or installments, typically...
New Home Sales in October Jumped 41.5% From the Previous Year
Image source: Getty Images. While it doesn't influence our opinions of products, we do receive compensation from partners whose offers appear here. We're on your...
Public Home Builders Show Solid Third-Quarter Results
Courtesy Adobe Stock Third-quarter earnings wrapped up for the publicly traded home builders Nov. 10 with D.R. Horton reporting fully diluted earnings per share of...
Record-Low Mortgage Rates to Keep Supporting Banks in 2021
Since the beginning of 2020, mortgage rates have been continuously declining, even touching historical lows several times. Last week, Freddie Mac FMCC released its weekly...
First home buyers are dominating the real estate market
First home buyers are dominating the Australian real estate market in a manner not seen in more than a decade — blowing away years of...