The loan-to-value ratio calculates how much of a property you own (equity) compared to how much you owe still on the loan. As you continue to pay off your loan, your LTV ratio decreases as your equity, or ownership, grows. For a home loan, an LTV ratio of 80% or less is ide...

The amount of the second mortgage and the interest rate/APR will depend on the amount of equity you have in your home, your credit, debt-to-income ratio, program limits on the combined loan-to-value ratio, ...

The loan-to-value ratio calculates how much of a property you own (equity) compared to how much you owe still on the loan. As you continue to pay off your loan, your LTV ratio decreases as your equity, or ownership, grows.

Using our mortgage payoff calculator, you can see how any amount of extra principal can change not only how quickly you pay off the mortgage, but also how much total interest you’ll end up paying.

You can see gains in home equity in two ways: the first by chipping away at the principal of your loan, and the second by an increase in the market value of your home over time. Equity is the difference between the appraised value in your home and the amount you owe on it.

Equity is the difference between the appraised value in your home and the amount you owe on it. You can see gains in home equity in two ways: the first by chipping away at the principal of your loan, and the second by an increase in the market value of your home over ti...

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. That means they leave your current mortgage in place, ...

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. That means they leave your current mortgage in place, which is appe...

On your monthly statement, you’ll see what you owe and how much is going to principal, interest, escrow (taxes & insurance), and anything else. Other key information on your monthly statement includes year-to-date amounts and your current interest rate.

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. That means they leave your current mortgage in place, which is appe...