Learn about Mortgages, Refinancing and Home Equity from. – Learn about Mortgages, Refinancing and Home Equity from Bank of America Learn the steps, benefits, and considerations of the home buying and loan process. explore mortgage, refinance and home equity options. learn about mortgages, learn about refinancing, learn about home equity, learn about home loans
Is a home equity loan a good idea? – HSH.com – A: Good uses of home equity loans include home repairs, debt consolidation, funding education, and large ticket items that a family absolutely needs like a refrigerator or washing machine. Bad uses include vacations and "toys" (i.e. golf clubs and automobiles that go above and beyond what you need and can afford).
How a Home Equity Loan Works – NerdWallet – A home equity loan uses your property as collateral and allows you to borrow against the equity in your home. You have equity when the value of your home is higher than what you owe on your mortgage.
Good Reasons to Refinance a Home Equity Loan – Mortgage.info – If you have a great interest rate and short term, you have the best of all worlds and shouldn’t touch your home equity loan. If you have a higher than average interest rate, loan term, or adjustable rate, though, you may want to consider refinancing your home equity loan into a long with better terms for you.
Advantages and Disadvantages of a Home Equity Loan – Child education is a good reason to tap into home equity loan, but borrowers nearing retirement should reconsider this option as they may not.
Should I Use A Home Equity Loan For Debt Consolidation? – A home equity loan is where people are going to take and get a loan based off of the equity they have in their home. They may have never thought about this before, but as they are paying the home off it is gaining value and equity for them to borrow against.
Using Home Equity Loans to Consolidate Debt – Home equity loans give you the money to get those creditors off of your back. Instead of being burdened by them in the future, you are able to pay off the debts in full and take a fresh start. The nice thing about this kind of restructuring to consolidate debt is that you will get organized.
Should I Use a Home Equity Loan for Debt Consolidation. – Home equity loans can be used to consolidate debt from multiple credit cards or installment loans into a single loan while offering the added benefit of consolidating multiple.