Home Equity

Home equity loan vs. home equity line of credit

Using your equity as a financial resourceMany homeowners use the equity in their home as a financial resource, typically to pay major expenses such as home renovations, medical bills and to consolidate high-interest

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

Home Equity

4 of the worst ways to use your HELOC

A home equity line of credit — popularly known as a HELOC — can be a great financial tool for people who have invested a large sum of money in their monthly mortgage payments but

Home Equity

Top 6 ways to use a home equity line wisely

A home equity line is a powerful financial tool. If you've worked hard to pay down your mortgage, you can use your home equity to fund a number of projects. But use your

Home Equity

3 signs a home equity line is right for you

You can use the equity you’ve built up in your home to meet your larger financial goals. Home equity refers to the portion of your home that you actually own. You can

How to use a HELOC to add value to your home

Homeownership is a powerful investment tool. The more value you add to your home, the more you'll make back when it’s time to sell. If you’re a homeowner with little cash

Home Improvement

Summer Home Maintenance Checklist

Summer is a time to enjoy you home, not work endlessly on it. But there are still a couple things you should check. We have six tasks to get you ready

Home Equity

Should you use home equity to TAKE A VACATION?

If you’re thinking about a vacation and wanting to do something smarter than add to your high-interest credit card balance, is home equity a smart way to go?

Retirement

5 risks of reverse mortgages

Reverse mortgages have some great features, but they're not a smart choice for all homeowners. The truth is, they come with some big risks.

Home Improvement

Transforming your empty nest for guests – is it worth the trouble?

The sharing economy provides flexible options to pad your nest egg. But is the trouble worth it?

Home Equity

7 ways your home can help with your finances

If you’re like most American families, your home makes up the predominant slice of your household wealth. Do you know all the ways you can be using it?

Can home equity help close the college-funding gap?

Getting accepted to college may be the first challenge; figuring out how to pay for it could prove to be more tricky.

Home Improvement

5 ways to stay sane during a renovation

Renovations don't have to be overly stressful. Use these tips to keep things under control

Home Improvement

How to build the backyard of your dreams

Remodeling your backyard is more than just a few new plants or spruced-up deck, here's what to consider

Home Improvement

Spring Home Maintenance Checklist

Regular maintenance can feel like a regular pain, but overlooking small repairs can add up to big bills later.

Home Improvement

How to turn a surprise repair into a smart renovation

A bathroom pipe leak cracks open an opportunity to increase a home’s value for our Head of Wealth

Home Equity

How to protect and grow your home equity

During periods of economic instability, increasing home equity may be impossible and your attention may turn to simply maintaining the equity you've gained.

Home Equity

Financial Literacy: Is your home an asset or a liability?

The home is the largest purchase that most people will ever make. Understanding if it's an asset or a liability can change how you approach planning for your future.

Debt

Financial Literacy: Credit and debt

Having good credit is key to getting good rates when you need to borrow money, which can help your bottom line. But understanding what you can do to impact your credit and how debt can impact you may help you the most in the long run.

Home Equity

Could your home equity help lift student debt gloom?

For graduates who were able to buy homes and family who own, equity could be a more affordable way to pay off debt.

Home Improvement

3 ways to avoid hiring a bad contractor

Remodeling your dream home can quickly become a nightmare if you don't hire the right person for the job.

Debt

Using a home equity loan can be better than a personal loan to pay off your debt

By tapping into on your home’s equity, you can consolidate multiple debts into a single monthly payment and often with significantly lower interest rates.

Home Improvement

Yes, home equity lines of credit can still have tax benefits*

Home equity debt still has tax benefits that can effectively reduce the cost of home improvement projects.

Home Improvement

5 home improvement projects that pay you back

If you're planning on selling your home in the near future, it's a good idea to consider whether the project will help you command a higher sales price.

Home Improvement

5 home renovations to improve your life and property values

Many home renovations can increase your enjoyment of the property while living there. But it's worth knowing which improvements hold their value.

Home Equity

How to be smart with home equity

Your home's equity is a valuable asset, and you can use it to fund high-cost goals. But it's critical to use the money wisely.

Debt

The pros and cons of consolidating debt with home equity

Debt is rarely cheap, especially if it’s credit card debt. If you have high-interest debt and a home, it may be worth your time to consider consolidating debt utilizing your home’s equity.

Home Equity

3 reasons now may be a good time to tap into your home equity

If you've ever considered tapping into your home equity, the current economy and real estate market may have created the perfect time to do that. See why

Home Equity

How your home can help your retirement

Many retirees have another, often-overlooked asset that can be a source of retirement funds – your home. If you're approaching or already in retirement, you may want to consider how your home could help sustain your lifestyle.

Home Improvement

Why winter can be a great time to remodel

While remodeling in the winter months may require more planning to avoid disruption, you could get a great deal on the work.

Home Equity

Cash-out refinances: What you don’t know can hurt you financially

For many, a cash-out refi can appear to be the best option because rates are fixed and seem lower than other equity-out options. However, if you actually dive into the numbers, there are big reasons to not give up a low, fixed-rate mortgage to cash out equity.

Home Equity

Fact vs. fiction: 7 Common myths about home equity

For many homeowners, leveraging their home equity offers a means to an end. If you’re considering a home equity loan, be sure to work with a lender that can help you separate the fact from the fiction.

Debt

Credit card debt consolidation FAQs

When you consolidate your credit card debt, you’re taking out a new loan to pay off your old loans, and there are some important questions to consider before deciding if it's right for you.

Home Equity

How to refinance a home in eight steps

Are you aiming to reduce your monthly mortgage payments, secure a lower interest rate, or turn a portion of your home equity into cash? First understand how the process works.

Home Improvement

Home equity for home improvement

Home equity solutions allow you to turn a portion of your home’s equity into cash. There are a number of benefits to using equity to fund your next project.

Home Equity

What is a home equity loan and how does it work?

A home equity loan is type of loan that is secured by your home. Find out how long it takes and what it costs to get one, how funds are disbursed, and how much you may be able to take.

Home Equity

What is a HELOC - a guide for homeowners

A walk through HELOC, including what they are, how they work, how you access and repay the funds, and also look at an alternative solution