HELOC As Your Only Mortgage: Will You Save on Interest?
A first-lien HELOC can help you pay off your mortgage faster, but it can backfire. What to know about this mortgage pay-down strategy.
March 19, 2024 6 min read
A first-lien HELOC can help you pay off your mortgage faster, but it can backfire. What to know about this mortgage pay-down strategy.
Home equity loans and HELOCs are similar, but some key differences will determine which one you choose.
It can cost upwards of $50,000 to sell a $500,000 home. That could go a long way toward renovating it so you can stay.
Homeowners with large loans may not qualify for a conventional refinance limits. How to refinance using a jumbo loan.
You bought a home with the zero-down USDA loan. Can you refinance into a conventional loan?
While a HELOC shouldn't be your only emergency fund, homeowners should consider adding one to their emergency fund strategy.
Few first-time buyers know they can use a HELOC on the home they are buying to assist with the down payment.
Home values are up and HELOC rates could be on their way down. Is this the right or wrong time to get a HELOC?
Anyone considering this strategy should first examine the worst-case scenario. If they could recover from it, they might consider using a HELOC to invest in stocks.
Credit card interest rates are trending over 21%, versus a 9% average for HELOCs. Does it make sense to use home equity to consolidate credit cards?
