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
Home equity loans are 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?
August 24th 2015
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.
August 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.
August 14th 2015
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.
August 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.
July 31st 2015
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.
July 30th 2015
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.