Tag: Home Equity Loans

Posted on 03/12/2023

Home safety improvements: What type of funding could you get?

Making upgrades to your home can improve its safety, but these types of upgrades aren't always cheap. If you're avoiding these upgrades due to the cost, keep in mind funding options are available. These funding options can make some projects more affordable. Weatherization Assistance Program The Weatherization Assistance Program is available for households with incomes below a certain...

FHA Loans

Funding

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Posted on 06/12/2022

Loans: When should you take out a home equity loan?

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 08/09/2020

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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