A home equity loan allows you to borrow against the equity in your home. Learn more about this type of loan, rates, requirements, and qualifications.
Find out the definition of a home equity loan, and how taking one out lets you borrow cash against the value of your home at relatively low interest rates.
A secured loan is a type of debt that requires collateral, such as a car or investment account. Mortgages, auto loans and secured personal loans are all secured loans.
A mortgage is secured using your house or other real estate property as collateral. A second mortgage, such as ahome equity loan, lets you borrow from the difference between the current market value of your home and an existing mortgage. When you purchase a home with the help of a mortgage...
A personal loan can help you finance a costly home improvement project, like a kitchen or bathroom upgrade. Ideally, the project will increase the value of your home, making up for what you pay in interest. Comparehome improvement financing optionsbefore you borrow to find the one with t...
A home equity loan allows you to use your home as a source to take out cash. Learn how to calculate your home equity value and compare a home equity loan to...
“No way Jesse! I’m budgeting dollars to spend on my debt!” No, you are budgeting your dollars to spend on debt, and that debt was used to buy something else entirely years before. Maybe it was an auto loan for buying a car—and now that car is worth far less and you’re payi...
Home improvement projects:Unsecured personal loans are approved faster than home equity products and don’t require putting your home up for collateral. Using a personal loan to increase the value of your home is a way to use apersonal loan to make money. ...
Fortunately, if you have defaulted on a federal student loan, there are options to get itout of defaultand back into good standing. Before moving forward, however, you should think carefully about your long-term ability to repay the loan. ...
Good debt vs. bad debt: What’s the difference? Whether a given type of debt is “good” or “bad” depends on several factors, including: The interest rate attached to the debt The amount of time it will take you to pay back the loan ...