Home Equity - All about line of credit
Latest advice on home equity loans, HELOC and line of credit
Monthly payment requirements can vary, depending on whether you have a fixed term loan or a line of credit that permits much smaller payments.
Home Equity Advice
Tapping home equity is cheap if you can qualify for a loan
Home equity lines of credit can be a cheap way to borrow money for home renovations, college bills or credit card debt. But is your home worth enough to support a second mortgage?
June 24th 2016
Dying with a mortgage: What happens to your home?
The simplest, most likely answer is that your heirs will be allowed to assume your loan and keep the home as long as they make the payments. But, as you'll see, nothing is simple in estate law.
June 17th 2016
4 smart moves for using home equity
The average cost of a $30,000 home equity line of credit has been around 4.7% all year. That's as cheap as those loans have been in more than a decade. But you still need to be very careful when tapping the value of your home.
June 7th 2016
8 big remodeling mistakes to avoid
These are the predictable pitfalls that can turn the renovations of your dreams into a nightmare you'll be reliving, and possibly regretting, for years to come. Avoid them, and you'll dramatically increase the odds of bringing your project in on budget, on time and with absolutely delightful results.
How to cope with HELOC payment shock
If you're among the millions of Americans bracing for the minimum payment on your home equity line of credit to go up — way up — there's no need to panic. There are lots of ways to deal with repaying this debt.
5 reasons your home isn't selling
if you've had a "For Sale" sign languishing in your yard for more than a couple of months, there's a good chance you're doing something wrong or have a problem that you're unaware of and haven't addressed. Here's how to get your property moving.
11 biggest remodeling mistakes
Whether you're redoing your kitchen or tackling a smaller project, our expert tips will help you avoid the biggest remodeling mistakes.
How to replace your furnace
If your home isn’t getting the right amount of heat at the right price, it could be time to replace your furnace. Our 10 tips will guide you.
8 critical home repairs you can't ignore
Some home repairs you can postpone forever. These are the kinds of leaks, shorts, cracks and critters that can lead to exceptionally expensive, even catastrophic, damage that you simply can't ignore.
Paying more now could save your home later
Wells Fargo no longer allows home equity line of credit borrowers to make interest-only payments on their loans, meaning minimum monthly payments will rise. But this move could also save your house from foreclosure.