Jorge Vazquez
Home Equity Loans vs. Home Equity Lines of Credit: What's the Difference?
When tapping into your home’s value, you have two main options: a home equity loan and a HELOC (home equity line of credit). A HELOC works like a credit card—you can borrow, repay, and borrow again, making it flexible...
Lance Lvovsky
Tax Reform: IRS clarifies interest on HELOC often deductible
There seems to be confusion regarding how the new Tax Laws affect the interest deductibility of home equity loans and HELOCs. A lot of folks think the new laws do not allow deductibility of interest on their HELOC. Wh...
Patrick Martone
How long does it take to refi out of a HELOC? Any obstacles?
How long does it take to refi into a home equity loan from a HELOC? What should I watch out for?
Joyce Kim
Personal financial hardship - HELOC vs Home Equity Loan?
I was recently laid off and have accumulated about $20,000 in credit card debt, primarily from paying last year's property taxes and covering a few months of living expenses. I own a house with approximately $400,000 ...
Adam Blosfield
Seeking a Home Equity Loan to payoff HELOC
Hi BP community,
I'm seeking a Home Equity Loan provider in CA so I can utilize the HEL to payoff our HELOC (30 year, fixed rate at 6.5% with a 10 year interest only timeframe before paydown). I don't want to do a ca...
Rusty Hitt
ROI calculations
I have been looking for the answer to this question on the board and can't pin it down. It appears (to my highly untrained eye) that equity gains do not appear in CoC ROI. Is this the case? If not, why?
John Wisdom
Is it possible to convert a home equity loan?
We used a home equity loan from our primary residence to purchase our rental property. It was great because there were no closing costs, the interest rate was much lower and the down payment requirement was much more ...
Michelle Sharko
1031 or Home equity
I have a vacation home I’m thinking of either doing a 1031 exchange for a slightly bigger unit in sane subdivision or do I take a home equity loan out on my vacation home there’s no mortgage on it to buy a second prop...
Catalin B.
Looking for advice on financing...equity loan vs. private loan
I am looking for an advice from more experienced investors. I am ready to invest and I am contemplating two options:1-Repackage my mortgage and get a lump sum of money in the form of a new mortgage (existing one + eno...
Arthur Voskanyan
Home Equity Fund Disbursement
How are home equity loans issued? In what form? Is it a card? Are they deposited into a checkings? Is it a credit card, but I’m not referring to a HELOC just a fixed Home Equity loan? How is it paid out? Thank you guy...