Is It a Bad Time to Get a HELOC?
Home values are up and HELOC rates could be on their way down. Is this the right or wrong time to get a HELOC?
March 14, 2024 5 MIN
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?
Anyone who got a HELOC before 2022 has seen their rate increase dramatically. How high can HELOC rates rise from here?
Most HELOC holders don’t realize their lender can legally “freeze” their HELOC. What to do next.
One of the biggest advantages to HELOCs is that the borrower often pays low or no closing costs. But not all lenders will waive your fees.
Those who want to protect their financial futures as they age may have both HELOCs and reverse mortgages as options. Which is better?
If rates drop or you need cash out, here's how to refinance your manufactured home loan.
Can you use a HELOC for the down payment on your next home, avoiding a non-contingent offer?
HELOCs come with two phases. Knowing how each one works is key to taking full advantage of this financial tool.
