A Home Equity Line of Credit (HELOC) lets homeowners use their home’s equity to get a line of credit, with the home as collateral. Similar to a second mortgage, it runs alongside your primary mortgage. Deciding between a HELOC and a home equity loan can be tricky. A home equity loan also uses your home’s…
My husband and I are on a journey to save up for our first home. As beginners in the home-buying process, we’re trying to navigate and understand how everything works. We were pretty down after a meeting with our credit union, which almost made us give up on buying a house. But we discovered something…
A Home Equity Line of Credit (HELOC) lets homeowners use the equity they’ve built up in their homes as collateral to get a revolving line of credit, much like having a second mortgage. The primary mortgage you already have is considered the first lien on the property. Maybe you’ve thought about whether a HELOC or…
Understanding mortgage quotes can be pretty overwhelming for many people. However, taking the time to understand them is important because it could save you a lot of money. CapWest Mortgage, a well-known mortgage provider, offers a variety of competitive mortgage packages. Their main goal is to help clients manage their finances and achieve their financial…
Investing in real estate is often seen as a good way to make money, but there can be occasional downturns, like during a recession. This was especially true after the Collateralized Debt Obligation (CDO) Crisis when many property owners found their mortgages were higher than what their properties were worth. However, those who could keep…
Home values keep dropping, and a recent report highlights that as property values go down, more American homeowners find themselves with negative equity. This means they can’t sell their homes for enough to cover what they owe on their mortgages, pay real estate agents, and fund the down payment for a new house without dipping…
Do you have unused spaces in your home like the basement, attic, garage, storage unit, or an extra room just sitting empty? You might not have thought about it, but these areas could turn into money-making assets for you. Here are some creative ways to transform your unused spaces into extra income: 1. RENT OUT…
The process of buying a home has seen a major change starting on October 3rd with the introduction of “Know Before You Owe,” an initiative by the Consumer Financial Protection Bureau (CFPB). This new approach aims to simplify and improve the mortgage process for home buyers. The change comes as part of the Dodd-Frank Act,…
Good news for homeowners struggling with their mortgage payments—the U.S. federal government has extended the deadline to apply for emergency assistance to September 15. This extension is available to homeowners in 27 states. Initially, the Department of Housing and Urban Development’s Emergency Homeowners Loan Program had set the deadline for July 27. This program, part…
Finding the best spot for property investment in India can be challenging without a clear comparison. But cities like Gurgaon have some fantastic opportunities with top-notch properties and solid infrastructure. What makes Gurgaon so appealing? Experts point to several strong reasons, especially the high appreciation rates in the real estate market. Big real estate companies…