Category Archives: HELOC Info

heloc interest calculation

HELOC Interest Calculation: Breaking Down the Numbers

When you’re trying to pay off your mortgage fast, it all comes down to interest. Interest is the amount of money you owe over and above the principal of a loan, paid on a regular schedule at a specific rate based on how much money you borrowed. In traditional mortgages, interest is calculated monthly and […]

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4 Benefits Your HELOC Lender Should Offer You

4 Benefits Your HELOC Lender Should Offer You

Have you done the math? Have you discovered that a home equity line of credit may help you reach your financial goals faster than you ever thought possible? And, are you wondering what benefits your HELOC lender should offer? If so, it’s time to look at your options for financing. Lenders are required to provide […]

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do i need an appraisal

Understanding the HELOC: Do I Need an Appraisal?

A major part of qualifying for a home equity line of credit is understanding the value of your home, which in turn helps lenders know how much you can borrow. The way you can know the value is by getting an appraisal. The appraisal is a fair estimate of your home’s value and is based […]

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heloc documents

So You’re Ready for a HELOC – Here Are the Documents You’ll Need

Now that you’re ready to take control of your equity by moving away from an amortization-based mortgage to a Home Equity Line of Credit (HELOC), here are the essential HELOC documents you’ll need to prepare for the application process. As with many types of loans, there’s an application that requires you to provide personal financial […]

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