In which situations you should avoid HELOC?
When you pay down the mortgage, you get more equity over your home. This leaves you enough space to get HELOC. In some cases, it…
Category: Mortgage
The Difference between HELOC and home equity loans
While both terms might be used in the same context, there is a clear difference between them. A home equity loan is a loan in…
All you need to know about mortgage pre-approval
Getting approved for a mortgage isn’t simple. You need to undergo a screening process, where lending companies and institutions will assess your lending power. In…
Things you didn’t know about mortgage
We already discussed the pros and cons so that you can make the right decision. Are there any hidden tricks that you should know? Don’t…
Disadvantages of a mortgage
When we already explained the advantages, are there any downsides of getting a mortgage? In this post, we go through the disadvantages so that you…
Advantages of a mortgage
A mortgage is a type of loan specially designed for buying a home. It can help you buy your dream home without having savings on…
Home Equity Loans
This enables you to use your home as security for your loan. The loan amount you’re eligible for depends on the equity you have on the property. However, a major downside is that you stand a chance of losing the property if you don’t go through with the loan payments.