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 qualify for a loan
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?
March 24th 2015
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.
March 17th 2015
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.
March 14th 2015
4 smart moves for using home equity
The average cost of a $30,000 home equity line of credit fell to 4.72% at the end of 2014. That's the cheapest those loans have been since August 2004 – or nearly 10 years ago. But you still need to be very careful when tapping the value of your home.
March 7th 2015
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.
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.