A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash.

A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash.

What is mortgage assistance? Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment. What kind of assistance options are available if ...

A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash.

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A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash.

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amortizes the loan. Since you are paying down your principal by a large amount, your monthly payment will be lowered, but your interest rate and loan terms will rema...

Review Your Financial Health. Check Your Credit Score. Lenders use your credit score as one factor when determining your loan amount and interest rate. Most use credit reports from the three primary credit bureaus (Experian, Transunion, and Equifax) to evaluate your credit score.

A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash.

If you have substantial home equity and a good credit score and you pay your bills on time, then a cash-out refinance might be just the tool you need to better handle non-mortgage debt and other expenses.