Homeownership

APR vs Monthly Payments

If you're in the market for a loan, you do research and shop around. In doing so, you continuously encounter interest rates and APR. What’s the difference? And what do they really mean, functionally, for your budget, your spending?

Homeownership

How to Pay for Home Improvements

Recently decide to renovate your home, but not sure how to pay for the home improvements? From traditional methods like using cash or credit cards to more unconventional options like tapping into equity, here are eight ways to finance home improvements.

Homeownership

What’s the Difference Between a Home Equity Loan & HELOC?

If you want to tap into the equity built up in your home, home equity loans and home equity lines of credit (HELOCs) are two of the most popular, widely-known options available. You’ve probably also wondered, what exactly are the differences between them?

Homeownership

Advantages & Disadvantages to a Home Equity Loan

You’ve probably heard of home equity loans, and have a general idea of what they are. But if you’re looking for a way to access your growing home equity and considering your options, a “general idea” isn’t going to cut it.

Homeownership

Advantages & Disadvantages to a Home Equity Line of Credit (HELOC)

It’s no secret that Americans are sitting on an enormous amount of home equity (nearly $30 trillion!) But sitting is a passive act; you may be wondering whether there’s a way you could make your equity actively work for you.

Homeownership

Cash-Out Refinance Pros & Cons

A cash-out refinance is a mortgage refinancing solution that allows homeowners to replace their existing mortgage with a new one–usually at a higher loan amount–and receive the difference between the two loans in cash.