Tag Archives: requirements

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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