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Home Equity Line of Credit, Here's What you Need to Know.

This post was contributed by a community member. Your Home Equity Line of Credit (HELOC) may have become a whole lot more expensive recently. Here's why: Your tax deduction may have been eliminated. T... read more

Home equity lines of credit fuel worries as rates rise and prices fall

Rising interest rates and efforts by policymakers and regulators to tame climbing residential real estate prices are prompting concerns about the ability of Canadians to manage popular and widespread ... read more

Line of credit? Mortgage refinance? Experts rank the best and worst options for debt consolidation

Third, especially if you were able to get a lower rate, the monthly debt payment on your consolidated loan may be smaller than the sum of what you were paying before to your many creditors. READ MORE: ... read more

How do I Qualify for a Home Equity Line of Credit?

Generally speaking, you will need a credit score of at least 620 to qualify for the prime interest rate. Those applicants with credit scores less than 500 may have a difficult time qualifying for a ho... read more

What Is A Home Equity Loan And How Does It Work?

If you need ... equity, but you still have a $100,000 balance on your mortgage. $300,000 x 0.85 = 170,000 $170,000 - $100,000 = $70,000 In this case, you'd be approved for a $70,000 loan. The differen... read more

The Right Way to Tap Your Home Equity for Cash

You've got three main strategies for unlocking your equity—a cash-out refinancing, home equity line of credit ... getting set up with a lender may take a couple of weeks.) Here’s what you need to know ... read more

The most ignored retirement asset: Home equity

Creating a "Stand-By" Home Equity Conversion Mortgage (HECM) Line of Credit for future use. They didn't need money today but ... Most don't know a HECM can be used to buy a home. Two scenarios play ou... read more

Here’s what you need to know about the new tax laws

It is important to know ... you had a binding contract to close on a home after Dec. 15, 2017, and closed on or before April 1, 2018. The prior limit would apply in that case. Beginning in 2018, you c... read more

Where Are the Best Places To Borrow Money in a Pinch?

Here's where you can borrow money quickly, in decreasing order of riskiness and how fast you need the cash ... besides putting your credit rating on the line. Long term loans like a home equity line o... read more

Considering a Home Equity Line of Credit? Here’s What You Need to Know

Life is full of unexpected expenses from emergency home and vehicle repairs to hefty medical bills for unforeseen illness. Whatever the cost, using a credit card may turn into a high-interest nightmar... read more

Home equity lines of credit: What you need to know

A home ... home equity lines of credit totalling $370,000. Since we're talking about debt that can climb to potentially dangerous heights, it pays for consumers to understand how a home equity line of ... read more