Latest blog posts

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  Tools And Guides What is a reverse mortgage and how does it work?

  With a reverse mortgage, homeowners who are at least 62 and have a low or zero balance on their mortgage can convert a portion of their home equity to cash.

  

  Debra Jack, Contributor  article author

  November 1, 2023
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  Home Equity Using a HELOC to fund a Solar Installation

  Discover the financial benefits of using a Home Equity Line of Credit (HELOC) to fund your solar installation. Learn how a Figure HELOC can save you money and contribute to a greener future.

  

  Debra Jack, Contributor  article author

  November 1, 2023
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  Home Equity Is a HELOC a better alternative for getting rid of high-interest debt?

  A home equity line of credit (HELOC) is a popular solution for paying off high-interest debt such as credit cards. HELOCs have a much lower rate of interest than credit cards because they’re secured by the equity in your home.

  

  Hannah Friedman, Sr. Content Manager  article author

  October 28, 2023
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  Home Equity Can I get a HELOC on a second home?

  A Home Equity Line of Credit (HELOC) is a smart way to access the equity you have built up from home ownership. Learn more about how to qualify for a HELOC on a second home with this guide.

  

  Barron Ernst, Head of Product  article author

  October 28, 2023
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  FAQs Can you pay off a HELOC early?

  Some lenders allow you to pay off your HELOC early, but others charge a fee, known as a prepayment penalty if you chose to close out the loan early or carry a zero balance.

  

  Debra Jack, Contributor  article author

  October 24, 2023
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  FAQs Can I use a HELOC to buy an RV?

  Wondering if a HELOC can be used to finance your RV purchase? Discover the pros and cons of using a Home Equity Line of Credit for this purpose.

  

  Barron Ernst, Head of Product  article author

  October 20, 2023
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  FAQs Can I use a HELOC to buy a boat?

  Curious about using a HELOC to buy a boat? Find out if it's a viable option for you and learn the ins and outs of this financing method.

  

  Barron Ernst, Head of Product  article author

  October 19, 2023