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Best Uses of a Home Equity Line of Credit

A Home Equity Line of Credit is a powerful financial tool available to home owners, a source of funding against the equity which you have built in probably your biggest investment: your home. As you are borrowing against a very stable source of collateral, these products generally have lower interest rates than many other forms of consumer...

Important Steps to Take Before Checking Out the Real Estate Market

Buying a home can be overwhelming, especially for first time buyers. However, there are several sources of education available to help guide on how to buy a house as a first time home buyer. This article provides a guide on the various steps to follow before jumping into the real estate market.

FAQs About Home Equity Lines of Credit

A home equity line of credit (HELOC) is a type of loan offered to homeowners using their home as collateral. The amount of loan pre-approved depends on the value of the home, household income, credit score and other factors.

Things to Use a Home Equity Line of Credit For

A home equity line of credit (HELOC) gives you the opportunity to use the equity in your home as collateral when you borrow money from a lender. Similar to other loans, HELOCs allow you to borrow a certain amount and then pay it back over a certain period with an associated interest rate.

First Time Buyer Mortgage Checklist

The first step for a homebuyer looking to enter the real estate market as a financed buyer is preparing for and gathering the information they need to apply for pre-approval. During the pre-approval process, the buyer is evaluated on whether they qualify for the loan and the amount of the mortgage they qualify for. This should not be confused...

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