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
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.
December 14th 2014
4 smart moves for using home equity
If the value of your house has recovered and you're considering tapping your home equity, here's our advice: Tread lightly.
December 7th 2014
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.
December 1st 2014
Tapping home equity is cheap if you can qualify
Home equity lines of credit are great for home renovations or college bills, and lenders are charging 4% or less in many parts of the country. But is your home worth enough to support a second mortgage?
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.
Dying with a mortgage: What happens to your home?
Will your heirs get to keep your home? We've found five likely scenarios if you should die before your mortgage is paid off.
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.
How to renovate on a budget
These 6 smart moves will help you make shrewd choices in updating your house while avoiding costly budget overruns.
Batten down your finances for hurricane season
We often say that the three biggest threats to every family's financial security are divorce, job loss and illness. Catastrophic storms are probably a close fourth. If you live anywhere along the gulf or Atlantic coasts, these smart moves can help you bounce back from the worst Mother Nature might throw at you.
How to replace your air conditioner
How do you know when the time is right to upgrade the way you cool your home? A lot of different factors come into play, including what kind of unit you already have and the replacement cost. Here are seven questions you should ask first.