Troy Segal
Freelance Writer at Freelance
Culture/lifestyle writer & editor, specializing in the arts, dining, travel, and personal finance
Articles
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6 days ago |
bankrate.com | Kacie Goff |Troy Segal
With all the talk swirling about inflation and tariffs, consumers have been (rightly) braced for prices to go up. While unwelcome for things like cars and eggs, rising prices can deliver some benefits, particularly for homeowners. Home values sit notably higher than they did five years ago. Home equity lenders seem to have taken note – and are increasing loan and credit line limits accordingly.
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1 week ago |
bankrate.com | Linda Bell |Troy Segal
Both home equity loans and lines of credit notched gains for the week. The average rate on a $30,000 home equity line of credit (HELOC) climbed two basis points this week to 8.02 percent, according to Bankrate’s national survey of lenders. Home equity loans also rose in the latest week, with the average $30,000 home equity loan gaining two basis points to 8.40 percent. Even though HELOCs have recorded two straight weeks of gains, they are still at their lowest level in two years.
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1 week ago |
bankrate.com | Linda Bell |Troy Segal
If you’re considering borrowing against your home equity to remodel or repair your home, you’re in good company: Renovations are the most common reasons homeowners take out home equity loans and home equity lines of credit (HELOCs). Here’s our guide to the best home equity lenders for home improvement and how to find one that’s tailored to your needs.
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1 week ago |
bankrate.com | Linda Bell |Troy Segal
This week in home news Economic uncertainty continues to reign supreme on the real estate scene, as HELOCs rise but home equity loans drop. In this weekly roundup, we ask: Is the housing market headed for a pronounced slump — and what could happen to your HELOC if it does? We also explore how government layoffs may impact consumer mortgage protections and how tariffs and mass deportations could make homes even less affordable.
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2 weeks ago |
bankrate.com | Linda Bell |Troy Segal
You hear it everywhere, including on Bankrate: You need strong credit to get a home equity loan, and the higher your credit score, the lower your rate. While that’s true, a less-than-sterling score – or no score at all – doesn’t automatically disqualify you from home equity loans and HELOCs. Some lenders are more amenable than others, though. Here are our picks of some of the best lenders for low or bad credit borrowers and how to find the right one for you.
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Not all home upgrades increase value equally. Use this guide to compare the costs and potential returns before you renovate. https://t.co/YIjm9HFtQV
Thinking about using home equity to invest? The strategy can work, but only if returns exceed your borrowing costs. Know the risks before deciding. https://t.co/faKBA5JFx1
HELOCs are gaining traction as homeowners look to tap equity without refinancing. Find out what’s behind the trend. https://t.co/S3EDgPCdPH