Latest blog posts

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  Retirement 5 reasons seniors love home equity lines of credit

  Applying for a HELOC during retirement can allow you to pay for many major expenses. You need to have at least some equity in your home to consider this option. Even if you still have a mortgage, a HELOC can work for you so long as you build the payments into your retirement budget. It’s important to make regular payments on a HELOC to ensure that you will have access to it again when you need it.

  

  Barron Ernst, Head of Product  article author

  September 24, 2019
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  Home Equity Home equity loan vs. home equity line of credit

  A home equity loan is usually the best choice for one-time expenses of a known amount, such as a specific home improvement project or debt consolidation. On the other hand, a HELOC is typically better for paying expenses that occur over time.

  

  Alysse Guitar, Director of Growth  article author

  September 3, 2019
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  Debt Debt consolidation vs. balance transfer: what's best for you?

  If you only have credit card debt and are sure you can pay off your balance within the promotional period, a balance transfer could work well for you, provided you shop around for the lowest rates and fees.

  

  Nicole Beaulieu, CTO  article author

  August 29, 2019
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  Retirement Will Your Retirement Affect Your Equity Line of Credit?

  Retirement is a time when most people want to sit back, enjoy their home, and not worry about debt. While some retirees are able to enjoy their golden years without concern for paying their bills, others are not so fortunate.

  

  Alysse Guitar, Director of Growth  article author

  August 29, 2019
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  Member Stories Illinois Homeowner Wins $25,000 For Having "America's Ugliest Kitchen"

  Robin Kidwell, 69, a Bloomington, IL homeowner, won the $25,000 grand prize in a contest held by Figure to identify and help renovate America's ugliest kitchen.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  August 7, 2019
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  Home Equity How a Figure home equity line works

  Figure's Home Equity Line, a type of HELOC, may be a better fit if you need cash for recurring expenses like monthly bills.

  

  Alysse Guitar, Director of Growth  article author

  July 25, 2019
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  Home Equity 4 of the worst ways to use your HELOC

  You want to be thoughtful with how you utilize your HELOC. Some purchases aren't the best option for this money. No matter what, you should avoid using your HELOC for these four instances.

  

  Alysse Guitar, Director of Growth  article author

  July 25, 2019