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Mortgage News

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News for: Home Equity Loans and HELOCs
Showing 1 - 5 of 5 results
Mar 31, 2026 4:38 AM — Home Equity Loans and HELOCs
No-Doc HELOC and Home Equity Loans | 2026 Requirements
The article discusses how self-employed borrowers, retirees, and others who do not fit into traditional income verification methods can qualify for home equity loans and HELOCs without providing tax returns or pay stubs. Instead, lenders look at credit score, home equity, and alternative documentation such as bank statements. The article explains the difference between true no-doc loans, which hav... more
Feb 2, 2026 1:43 PM — Home Equity Loans and HELOCs
Can You Tap Home Equity to Buy Your Next Home? | 2026
The article discusses using home equity to purchase a new property by explaining how home equity loans and HELOCs can be utilized, the calculations involved, and the steps to take from estimation to closing. It also compares the pros and cons of HELOCs and home equity loans, emphasizing the importance of choosing the right product based on individual circumstances.
Sep 5, 2025 9:24 AM — Home Equity Loans and HELOCs
Home Equity News: This Week's Roundup
Bankrate's national survey of lenders shows that the average rate on a $30,000 home equity loan remains steady at 8.22%, while the average rate on a $30,000 home equity line of credit (HELOC) has increased to 8.90%. The 30-year fixed-rate loan has dropped to 6.54%, the lowest in almost a year. Chase has reentered the home equity lending market. Homeowners can use home equity to buy a second proper... more
Aug 9, 2025 3:24 AM — Home Equity Loans and HELOCs
Home Equity News: This Week's Roundup
HELOC rates have become more affordable while the 30-year fixed-rate loan has dropped to 6.63 percent. Homeowners are warned of potential capital gains taxes due to increasing equity stakes. Mortgage denials are on the rise due to various factors. U.S. home prices continue to increase nationally, reaching a record median in June. Borrowing against home equity with a HELOC or home equity loan is re... more
Aug 6, 2025 1:24 PM — Home Equity Loans and HELOCs
HELOC rates plunge to lowest level since May; home equity loans hold steady
HELOC rates have dropped significantly, while home equity loan rates remain unchanged. Experts suggest now is a good time to tap into home equity for cost savings on interest. Rates for these loans are influenced by lender competition and Federal Reserve actions.
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