26 Feb 2025
By Mark Feder

Creative Ways to Use Home Equity Loans for Investment

Investment Properties
For homeowners looking to build wealth, a home equity loan can be a powerful financial tool. With the equity in your home, you can access funds at relatively low interest rates and put that money to work in smart, strategic ways. If you’re wondering how to leverage your home’s value for investment, here are some creative options to consider. 1. Real Estate Investments One of the most popular ways to use a home equity loan is to invest in additional real estate. Whether you're purchasing a rental property, flipping a home, or buying land for development, using your home’s equity…
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31 Jan 2025
By Mark Feder

Should You Use Home Equity to Pay for College?

Mortgage
Higher education can be one of the most significant financial investments you'll make, second only to purchasing a home. While federal loans are a common method for covering college costs, using your home’s equity is another option to consider. Before making a decision, it’s important to understand the pros and cons of tapping into your home equity to pay for college. The Financial Cost of College Just as most buyers need a mortgage to finance a home, many families rely on loans to fund college expenses. The average net price of college, which accounts for tuition, room, and board after…
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08 Oct 2024
By Mark Feder

Consolidate Credit Card Debt with a Cash-Out Refinance

Credit Scoring
If you’re feeling overwhelmed by credit card debt, a cash-out refinance may be an effective way to manage it. This type of mortgage allows you to utilize your home’s equity to pay off high-interest credit cards, consolidating them into a single, lower-interest mortgage payment. How a Cash-Out Refinance Works A cash-out refinance lets you replace your current mortgage with a new one for more than what you owe. The difference is then given to you as cash, which you can use to pay off your high-interest debt. Here's how the process works: Apply for a Cash-Out Refinance: You start by…
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01 Oct 2024
By Mark Feder

How Much Equity Can You Borrow Today?

Home Mortgage
Your home equity represents one of your most valuable assets. When it comes to borrowing against that equity, many homeowners question how much can they borrow. Understanding the amount of equity you can tap into today is essential, especially if you're considering a home equity loan or line of credit (HELOC) for major expenses like home improvements, debt consolidation, or other financial needs. What is Home Equity? Home equity is the difference between your home's current market value and the outstanding balance on your mortgage. As you pay down your mortgage and your property’s value increases, your equity grows. The…
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