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What to Prepare for Mortgage Pre-Qualification

Buying your first home is an emotional and exciting process. There is a lot that goes into the journey towards being able to call a place your own. You do your research and compare what seems like endless options, looking for all the things you have always dreamed of having in your first property. With everything that’s going on and with all...

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.

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