Home & Auto

Credit & Debt | Home & Auto

Things to Know About Home Equity Financing

Each year, many people tap into the equity in their homes to fund remodeling projects, pay for weddings, consolidate high-interest debt, or for other reasons. If you’re thinking about borrowing against your home equity, the following are some important things to know to help you make an informed decision. What Is Home Equity? Home equity refers to the amount of … Continue reading

A young couple home equity financing options with a lender.
Home & Auto

Home Equity Loans & HELOCs: Pros & Cons

Home equity loans and home equity lines of credit (HELOCs) are common ways that homeowners tap into the equity they have in their homes. Although these loans are affordable and convenient, they may not be right for every person and every situation. The following are three common ways that these loans are used. Comparing the pros and cons can help … Continue reading

A happy couple looks at home equity loan options on their tablet.
Home & Auto

Most Common Ways to Use a HELOC in Baltimore, MD

A home equity line of credit (HELOC) can be used for just about anything. There are usually few or no restrictions on what you can do with the money you borrow. But did you realize that there are some things that borrowers use HELOCs for more than others in the Baltimore, Maryland area? If you are wondering how to use … Continue reading

A smiling couple discusses how to use a HELOC while standing the kitchen of their home.
Home & Auto

How Housing Market Trends Impact Your Home Equity

Home equity is the difference between what you owe on your mortgage and what your home is currently worth. Put simply, it is the portion of the potential value of your home on the market that you actually own. The ability to earn or “build” equity on your investment is the biggest single advantage of being a homeowner. It is … Continue reading

a family of four sits on the floor in front of their couch, the parents hold their hands up to make a roof over their children's heads, representing their home equity
Home & Auto

How to Find the Best HELOC Rates in Maryland

If you live in the greater Baltimore, Maryland area and are thinking about applying for a Home Equity Line of Credit (HELOC), finding the best rates may be easier than you think. But before you apply, it’s important to understand how HELOC interest rates work, the factors that affect rates, and what you can do to improve your chances of … Continue reading

Hands holding a HELOC application
Credit & Debt | Home & Auto

Home Values Are Up And So Is Your Equity.

Home values have steadily risen over the past couple years throughout the country, and continue to hold these high values. Homeowners are in a position to reap substantial benefits. If selling your home is your goal, you will likely realize considerable gains. However, if you plan to stay in your home, you’re still able to improve your financial standing significantly. … Continue reading

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