Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their home...

Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their home...

Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Find out the pros and cons of this type of consumer debt and use the calculator to estimate your monthly payments.

A home equity line of credit, or HELOC, is another way to borrow using the equity in your home as collateral. However, with a HELOC, homeowners have the ability to borrow multiple times from the maximum amount available.

Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their home...

Each loan option is made up of 3 elements: 1. Loan Term. This represents how long you have to repay your loan. The most common loan terms are 30 years and 15 years, but there may be other durations depending on your loan type and other factors.

A short sale can allow you to sell your home for less than you owe on the mortgage, pending investor approval. If you want to pursue a short sale, have your real estate agent open a case at equator.com and upload the Third Party Authorization Form to start the review process.

Refinancing your home can offer several benefits, including lower interest rates, different loan terms, and cash in exchange for home equity. But refinancing your home can also be a complex process, and you should carefully consider, research, and plan it.