HELOC - Home Equity Mart

How to Pay Off a HELOC Quicker

There are multiple ways to pay off a HELOC quicker, such as refinancing into a new HELOC or completely paying it off through a cash-out refinance. Some HELOC lenders might even offer a loan modification to lower your interest rate or convert to a fixed rate without requiring a full refinance. It’s a good idea … Read more

Best HELOC for Self Employed

The Home Equity Line of Credit or HELOC is a popular financing programs that allow homeowners to borrow against the equity in their homes. They are especially beneficial for self-employed borrowers who may have irregular income patterns and need flexible borrowing options. Guide to Find the Best HELOC for Self-Employed HEM publishes this article to … Read more

How to Apply for a HELOC

If you are looking to apply for a HELOC and need help determining your eligibility and meeting the requirements for low rate home equity line of credit then keep reading. Thousands of homeowners are taking out revolving credit lines to finance home improvements and consolidate high interest credit card debt. Borrowers have migrated to choosing … Read more

How Long Does It Take to Get a HELOC?

The HELOC is a secured credit line that can be funded quicker than most home loans if the borrower is organized and follows the steps we outline below to get a home equity line of credit approved and closed. The RefiGuide will help you streamline the process of getting a HELOC loan quicker than most … Read more

Is a HELOC a Second Mortgage?

More than ever before loan officers are answering the question, “Are HELOCs considered a second mortgage?” It seems like a pretty straight forward question, but let’s explore the definition of a home equity line of credit and 2nd mortgage loan so we can address this properly. banks and lenders use terms like home equity loan, … Read more

What Is an Interest Only HELOC and How Do They Work?

If you want money to cover a major expense in 2024, a good option is an interest-only home equity line of credit (HELOC). People love the interest-only HELOC because it has a revolving credit line based on your home’s equity, and the money can be used for anything from paying for college tuition to credit … Read more

HELOC for Debt Consolidation

Many homeowners have been using a HELOC to consolidating debt and refinance high interest accounts. Americans hold trillions in debt, including mortgages, auto loans, credit cards, and student loans. Some debt can be important to help you achieve financial goals. But high-interest debt, such as credit card balances, can be a major drag on your … Read more

Can I Get a HELOC on an Investment Property?

People want to know if its is still possible to take out a HELOC on their investment property, or second home. The home equity line of credit has been a powerful tool for homeowners to leverage their real estate to buy an investment property, of vacation home. But it is also possible to take out … Read more