Tag: Home Equity Loans

Posted on 03/13/2022

Home equity loans are term loans that are taken out against the value of your home already paid or the amount of the home owned. For example, homeowners who have paid 25% of their full outstanding loan balance, say $50,000 of a $200,000 mortgage, have that much equity in their home or how much of their home they...

Finances

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Posted on 06/14/2020

What is a Reverse Mortgage?

Photo by Alexander Mils from Pexels If your wealth is tied up in your home, how can you free up some cash? A reverse mortgage is available to homeowners with mostly or fully paid-off mortgages. The monthly payments, which come from the lender to you, are not counted as taxable income. But there are mortgage taxes, and interest...

Home Equity Loans

Reverse Mortgage

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Posted on 12/22/2019

All About Increasing Home Equity

Having equity in your home is an incredibly valuable thing. It allows you to borrow against your house and shows that the value of your investment is rising. Equity defined is the difference between your home’s value and the amount you still owe on the home. Equity allows you to move forward with other properties and sell your current...

Equity

Home Equity Loans