Loan types
The 3% Mortgage Reality If you bought or refinanced between 2020 and early 2022, your mortgage rate likely falls between 2.5% and 3.5%. That rate no longer exists in the market. The 30-year fixed has spent most of the past two years above 6%, and even with recent dips to around 6%, current borrowers pay […]
With 1.6 trillion in tappable home equity available, American homeowners face a critical choice: HELOC or home equity loan? This analysis breaks down 2026 rates, qualification requirements, and scenario-based recommendations to help you borrow wisely.
Compare HELOC and cash-out refinance rates, LTV limits, and closing costs in 2026. Learn which home equity option fits your financial situation and saves money.
Refinancing to Combine a First and Second Mortgage: What Homeowners Need to Know Combining a first mortgage and a second mortgage (home equity loan or HELOC) into a single refinanced first mortgage is a common move for homeowners who want to simplify payments, lower interest costs, or convert variable-rate debt to a fixed-rate loan. This […]
Refinancing with a Second Mortgage or HELOC: How CLTV Rules Affect Your Options When you need cash from your home’s equity, you generally have three choices: a cash‑out refinance, a second mortgage (also called a home equity loan), or a home equity line of credit (HELOC). One critical factor lenders use to decide how much […]
HELOC vs Cash-Out Refinance vs Home Equity Loan: A Practical Guide When you need to access equity in your home, three common choices are a home equity line of credit (HELOC), a cash-out refinance, and a home equity loan. Each has different structures, costs, and risks. This guide explains how they work, when to consider […]