Home equity loan Archives

Loan backed by the value of a home. If the borrower defaults or does not pay the loan, the lender has some rights to the property. The borrower can usually claim a home equity loan as a tax deduction.

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How to Use a Home Equity Loan or HELOC

June 7, 2019 Mary Van Keuren

As home prices continue to climb, home equity loans and lines of credit are becoming potential sources of extra cash for a growing number of homeowners. But you still need to be very careful when tapping the value of your home.

Collateral, Home equity line of credit (HELOC), Home equity loan

3 free ways to pay your mortgage faster

June 4, 2019 Julia Taylor

Paying extra on your mortgage can shave years off your home loan and save tens of thousands of dollars in interest charges. Here's how to get all of the benefits of paying off your mortgage more quickly without wasting hundreds of dollars a year on an accelerated payment plan.

Checking account, Home equity loan, Interest rate