Home Equity

Homeowners sitting on sizeable equity often wonder if tapping into it is a wise move. Are home equity loans a good idea? In many cases, the answer is yes – when used strategically, a home equity loan can be a smart financial tool. Let’s outline the benefits of home equity loans and when they make … Read more

Many homeowners are inquiring about the current requirements to take out a home equity line of credit or HELOC. Borrowers must learn about the HELOC loan requirements for cash out like credit score, debt to income ratio and loan to value before completing a loan application with a mortgage lender or bank. One of the … Read more

Investing in rental properties is a great way to build long-term wealth and passive income. One of the most effective ways to finance a rental or investment property is by securing a 2nd mortgage or home equity loan. BD Nationwide can get you matched with lenders that help homeowners and real estate investors secure 2nd … Read more

Home equity loans are a popular way for homeowners to tap into the value of their property, but can condo owners take advantage of this financial tool as well? The answer is yes—though obtaining a home equity loan for a condo comes with unique considerations. Whether you need an equity loan on primary residence or … Read more

Unlike a traditional home loan, a home equity line of credit works like a credit card, where you can borrow and repay funds multiple times during the draw period. The home equity line of credit or HELOC is a unique 2nd mortgage that allows homeowners to gain quick access to their home equity for various … Read more

Investing in real estate can be a lucrative way to build wealth, and using a HELOC line of credit as a financing tool is an increasingly popular strategy. A HELOC is a wise choice for you to tap into the equity of your existing home to fund a down payment or even purchase an investment … Read more

the HELOC is a reputable home equity line of credit that allows homeowners to borrow against the equity they’ve built in their property. Among its many uses, a common question is whether a HELOC can be used for a down payment on another property. The short answer is yes, but it comes with important considerations, … Read more

A home equity loan is a fantastic way to tap into your home’s equity without doing a cash-out refinance. But before you can receive a portion of your equity in cash, the lender must know the home’s value. Typically, that requires a new home appraisal. But there are exceptions. Everything You Need to Know About … Read more

One of the unique features of a HELOC is the draw period, a phase during which borrowers can access funds up to a pre-approved limit. A common question about HELOCs is whether you can pay off the balance during the draw period—and the answer is yes. Paying off a HELOC during the draw period offers … Read more