Citadel Federal Credit Union
Exton, PA:
Spring Cleaning: How to Utilize HELOCs for Routine Maintenance
Tips on the differences between a Home Equity Line of Credit versus a Home Equity Loan and how to use each.
What’s a Good Use for a HELOC?
When you take out a second mortgage, a name for a home equity line of credit (HELOC), you’re offering your house as collateral to secure another loan. The upside: You can gain access to up to…
Discover the benefits of a HELOC
Rising home prices in recent years also mean rising home equity, as the price of your home has likely increased well above the amount you owe on your mortgage. If you have equity, it’s worth considering opening a HELOC, or home equity line of credit. This is a low-cost way to borrow money with many… Read the Rest »
What are the Pros and Cons of a HELOC?
A home equity line of credit is a type of financing that pulls value from your home. You’re accessing your equity, and some of the reasons you might tap into it include: • Home improvements• Debt consolidation• Long-term investments• Emergency expenses• Business expenses Home improvement is largely...
How Does a HELOC Work?
A home equity line of credit, or HELOC, is a financial product that allows you to tap into your home equity. You can use the money to fund home repairs, pay for large expenses, or whatever else you like. However, you need to make monthly payments to the lender in order to repay the loan over time. For homeowners who ... Read More
HELOC Vocabulary you should know
When applying for a Home Equity Line of Credit (HELOC), you will come across many of the same terms you learned about when you first applied for your mortgage. However, you may also find some new terms. The CFPB provides a free PDF available for download here that explains everything you should know about HELOCs,… Read the Rest »
When Does a HELOC Make Sense in Your Life?
For the first time since the real estate bubble, your ability to borrow against the value of your home is returning.
What to expect when you’re applying for a HELOC
If you have made the decision to apply for a home equity line of credit (HELOC), then familiarizing yourself with its features will simplify the application process. In addition, when you draw against the loan, you will know how that loan works and what to expect. Features to understand when applying: Qualifying Your home must… Read the Rest »
HELOC or Home Equity Loan: Which One Is Right for You?
If your home has increased in value and you are short on cash or have a large upcoming expense, you may be thinking about tapping your home equity. Ho...
Does a Home Equity Line of Credit (HELOC) Make Sense for You?
A home equity line of credit (HELOC) could help fund your next home renovation project. These loans offer flexibility but come with some risks.
What is a home equity line of credit (HELOC) and how does it work?
One of the most popular means of getting credit over the past decade or so has been the home equity line of credit.
What is a home equity loan? Home equity loans and HELOCs explained
Since a home equity loan is secured against your house, it has a much lower interest rate than other borrowing options — like personal loans or credit cards.
How Much Can I Borrow Using a HELOC
A Home Equity Line of Credit or HELOC can be a great way to tap into your home’s equity.
3 Things You Must Know Before Your HELOC Draw Period Ends
If you took out a HELOC when interest rates were low, research your refinance options.
5 simple ways to utilize the Internet when buying a home
ndrew Fortune of U.S. News & World Report, shares five simple ways to utilize the internet when buying a home in this recent article.
