Home Equity Loans Articles

If you have bad credit, it may seem impossible to get a second mortgage. But it may be easier to get a home equity line of credit (HELOC) or home equity loan (HEL) than you realize. Here’s a proven strategy for tapping your home equity with a second mortgage, even if you have bad credit.

Top pro tips for how to hire a contractor
July 2, 2018
  |   Updated: June 28, 2018

The seller-friendly home-purchase market has been a boon to the remodeling industry. Home-renovation projects can add value to your home, whether you are selling or staying, but there are many questions to ask before hiring a contractor.

Energy-efficiency improvements are great for the environment and all, but how can you tell if they’re worth the cost? Here is a simple way to determine how long it will take for energy upgrades to pay for themselves.

Smart-home technology can actually save you money. Through automation, smart-home devices can improve your home’s energy efficiency and lower your utility bills. Try these five smart devices that can make those savings happen.

Want a home as smart as you are — but lack the funds for a complicated setup? Don’t fret. The proliferation of smart devices in every price range has made it easier than ever to create a smart home on a budget. Check out these seven affordable gadgets to get you started.

4 steps to turn your house into a high-tech smart home
May 25, 2018
  |   Updated: May 30, 2018

Wondering how to turn your “dumb” house into a smart home? It’s easier than you might think — as long as you know what you’re doing. Follow this step-by-step guide to determine how much help you need and how to pay for all those high-tech upgrades.

A home equity line of credit (HELOCs) could be a borrower’s best options for tapping into the equity built up in their home. With interest rates rising, second mortgages and cash-out refinances are becoming less desirable.

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.

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.