Home Equity Loans vs. HELOC Loans

Home Equity Loans vs. HELOC Loans

This week we’re continuing our discussion of popular methods and common reasons to access home equity.  Today we’re going to focus on Home Equity Loans vs. Home Equity Lines of Credit (HELOC) options. Home Equity Loan A home equity loan allows you to borrow a lump sum...
The Growing Popularity of Second Mortgages

The Growing Popularity of Second Mortgages

The current market for second mortgages is experiencing a significant increase in demand among homeowners. This surge in popularity is driven by various factors, including: Rising Home Values: As home values continue to increase, homeowners are finding themselves with...
Why People Choose HELOC Loans

Why People Choose HELOC Loans

Why are most homeowners choosing to access equity in their homes opting for a Home Equity Line of Credit (HELOC) loan?  Primarily because most homeowners currently have an interest rate on their mortgages that is far lower than the current market rate.  A cash-out...
How Most Modern Reverse Mortgages are Used

How Most Modern Reverse Mortgages are Used

Over the past decade we have assisted numerous reverse mortgage borrowers and have seen a pattern of how the funds are being used.  If you’ve read prior blogs on this type of home loan, you already know that funds from a reverse mortgage can be accessed in many ways....