Home Equity Loans Articles

Feature Article

Equity loans lose tax advantages but still have a role for homeowners

February 5, 2018

The new tax reform bill eliminates tax deductions on most home equity loan interest. Whether you have an existing second mortgage or HELOC or are considering tapping your home equity, understand how the tax changes impact you.

More Articles

How to finance assistive devices and adaptive equipment for the home
January 8, 2018

Assistive devices, adaptive equipment and home modifications for seniors or the disabled can be costly. Here’s how to finance assistive technology upgrades using your home equity, grants or other loan programs.

Budget overruns: Refinance equity loans to finish home improvement projects
November 3, 2017   |   Updated: November 6, 2017

If your home-improvement budget runs dry, you can refinance a home equity loan or home equity line of credit to get the funds you need.

Consider the 3 Bs before tapping into home equity
September 19, 2017   |   Updated: September 19, 2017

If you’re thinking of tapping into your home equity, start by asking yourself, “Why?” Reason it out: consider the 3 Bs (bad, better, best) before you call your lender.

Disaster repairs: combining insurance payouts with home equity
September 5, 2017   |   Updated: September 19, 2017

If your home has been damaged, you may be able to use your insurance payout in conjunction with a home equity loan or line to make repairs.

Funding smart technology for the home requires wise planning
August 17, 2017   |   Updated: September 19, 2017

Be wise when designing and funding your smart home technology. Finding the balance between productive and wow factors helps you make wise funding decisions.

A cash-out refinance allows you to tap the equity in your home
August 11, 2017   |   Updated: September 19, 2017

Cash-out refinance loans allow you to get a new mortgage while pulling out your home equity.

Options to refinance your HELOC
August 4, 2017   |   Updated: September 19, 2017

Is your HELOC payback period coming up? Learn about the options for refinancing into a new HELOC, home equity loan or first mortgage.

HELOC frozen? Here’s what to do
August 3, 2017   |   Updated: September 19, 2017

Your lender can freeze a HELOC without notice if there is reason to believe you can’t pay. Learn how to appeal for your HELOC to be reinstated.

Should I terminate my HELOC early?
August 3, 2017   |   Updated: September 19, 2017

If you pay off your HELOC before the draw period ends, you may terminate it early — for a fee. Learn the pros and cons of keeping or closing the account.

Refinance vs. second mortgage: how to best tap into home equity
May 8, 2017   |   Updated: September 6, 2017

A second mortgage cash-out or cash-out refinance can both be powerful tools for tapping into home equity. Learn which option makes sense for you.