A home equity loan lets you borrow money using your home as collateral and repay it with fixed-rate interest over a term. Learn what a home equity loan is, how it works and how to compare rates and lenders.

Learn what a home equity loan is, how it works, how much you can borrow, and how to apply. Compare home equity loan with other options like HELOC and cash-out refinance.

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. Learn how to turn your home equity into cash with a low, fixed rate and no closing costs.

Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance.

A home equity loan lets you borrow money using your home as collateral and repay it with fixed-rate interest over a term. Learn what a home equity loan is, how it works and how to compare rates and lenders.

Here’s how to calculate equity in your home. The good news is, it’s relatively straightforward and only takes two calculations (and you can use Mr. Cooper’s mortgage calculators to check your math). The first calculation you will need to make is your loan to value ratio ( LTV).

A home equity loan lets you borrow money using your home as collateral and repay it with fixed-rate interest over a term. Learn what a home equity loan is, how it works and how to compare rates and lenders.

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.

In the early years of your loan, the principal portion is small, but it increases with each payment and helps you build equity. This is the amount your lender charges for the money you borrowed. In the early years of your loan, the interest portion is larger, but it lessens with ea...

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. Learn how to turn your home equity into cash with a low, fixed rate and no closing costs.