HELOC Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
Time to refinance your HELOC?
HELOC

Time to refinance your HELOC?

Is your HELOC nearing its 10th anniversary? If you're approaching the end of your draw period, you might be thinking about refinancing it to avoid a financial hit or maintain the financial flexibility it provides.

Dan Rafter
2 years ago
What rising home values mean for HELOCS
HELOC

What rising home values mean for HELOCS

The average homeowner saw a $12,500 gain in home equity last year, providing a little more financial cushion to make paying for home renovation projects easier with a home equity line of credit, or HELOC.

Kirk Haverkamp
3 years ago
Refinancing a HELOC could rescue your budget
HELOC

Refinancing a HELOC could rescue your budget

Did you take out a home equity line of credit 10 years ago? If so, you're not alone. These loan products, better known as HELOCs, were popular in 2006 and 2007 as home values soared and homeowners looked to tap into their growing equity.

Aaron Crowe
4 years ago
HELOC pros and cons
HELOC

HELOC pros and cons

Few major decisions are a slam dunk. If they were, life would be a lot less complicated. But most of the time, you need to weigh the pros and cons before making a choice.

Kara Johnson
4 years ago
Finding the hidden fees in HELOCs
HELOC

Finding the hidden fees in HELOCs

Life is all about taking the good with the bad. With a home equity line of credit (HELOC), just make sure that your home loan has more good than bad when you're comparing potential lenders.

Kirk Haverkamp
4 years ago
HELOC advantages
HELOC

HELOC advantages

A home equity line of credit (HELOC) has a number of strengths and advantages compared to other types of loans.  Here's a short summary of some of the main ones.

Kirk Haverkamp
5 years ago
Good and Bad Reasons for Tapping Home Equity
HELOC

Good and Bad Reasons for Tapping Home Equity

Back in 2001 when banks were liberal with home equity loans and allowed up to 125 percent of a home's equity to be borrowed, Atlanta real estate agent Bruce Ailion got a home equity line of credit for $75,000 on his home.

Kara Johnson
5 years ago
Monthly Payments on Many HELOCs About to Soar
HELOC

Monthly Payments on Many HELOCs About to Soar

Did you take out a home equity line of credit in the last eight or nine years? Then you better prepare for a higher monthly payment -- maybe one that is as much as two times higher than what you're paying today.

David Mully
5 years ago
Home equity lines of credit News section (HELOC)
HELOC

Home equity lines of credit News section (HELOC)

A great collection of our HELOC news articles that we have been publishing throughout the years. Use the links below to navigate to the article and information that you would like to read more about.

Kirk Haverkamp
6 years ago
Repayments Loom on Millions of HELOCs
HELOC

Repayments Loom on Millions of HELOCs

Borrowers with home equity lines of credit (HELOCs) will face a growing risk of default over the next several years, as the bills come due on millions of such loans.

Kirk Haverkamp
6 years ago
Interest-Only Second Mortgages
HELOC

Interest-Only Second Mortgages

Homeowners who are looking for a short-term infusion of money might consider an interest-only second mortgage in the form of a home equity line of credit (HELOC). Although other types of interest-only mortgages have practically disappeared for all but the most affluent borrowers, many lenders still offer an interest-only option on HELOCs that middle-class homeowners can take advantage of.

Kirk Haverkamp
7 years ago