We're looking to do a $160k home renovation - is an 8% interest rate for a HELOC too high to justify it?High interest rates make borrowing more expensive, especially for HELOCs.A HELOC can be justified for renovations that improve quality of life if affordable.
Better.com reports 400% growth for HELOC businessBetter's HELOC product leverages advanced technology for rapid approvals and high approval rates in a competitive market.
loanDepot adds first-lien HELOC to its product suiteloanDepot's new first-lien HELOC allows homeowners without a mortgage to access home equity with flexible terms, addressing financial pressures.
Should you use a HELOC to pay your kid's college tuition?Home equity can be tapped into using a HELOC to fund college tuition, providing flexibility and potentially lower interest rates compared to other loan options.
The month in reverse mortgage rates: October 2024Older homeowners have options like HECM and HELOC to access home equity, each with distinct benefits and considerations.
loanDepot adds first-lien HELOC to its product suiteloanDepot's new first-lien HELOC allows homeowners without a mortgage to access home equity with flexible terms, addressing financial pressures.
Should you use a HELOC to pay your kid's college tuition?Home equity can be tapped into using a HELOC to fund college tuition, providing flexibility and potentially lower interest rates compared to other loan options.
The month in reverse mortgage rates: October 2024Older homeowners have options like HECM and HELOC to access home equity, each with distinct benefits and considerations.
Large lenders have expanded their digital home equity optionsMortgage lenders are enhancing home equity lending accessibility with digital processes and new options for borrowers.
Better improves loan volume by 25% but remains unprofitable in Q1Better Home & Finance Holding Co. improved mortgage production and revenues in Q1 2024 but remained unprofitable due to increasing expenses.