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Mortgage News

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News for: Home Equity Loans and Lines of Credit (HELOCs)
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Coming home: Chase launches new HELOC, returning to equity lending
During the COVID-19 pandemic in 2020, big banks like Chase and Wells Fargo paused their home equity lines of credit (HELOCS) due to the economic uncertainty. However, as home values and equity stakes have increased, Chase has reentered the HELOC market with a new product that allows borrowers to tap up to 80% of their home's value. The minimum credit score required is 720, and funds can be accesse... more
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