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How Is A HELOC Different From A Mortgage?
A conventional mortgage is used to purchase a home, but a HELOC allows someone who already owns a home to take a loan against their equity.

A conventional mortgage is used to purchase a home, but a HELOC allows someone who already owns a home to take a loan against their equity.

If you aren’t aware what these terms actually mean, you may make a mistake when attempting to calculate the proceeds from the sale.
A pre-approval lets you know what amount you have to work with and demonstrates to a home seller that you are a more attractive buyer!
The self-imposed hurdle is correct: you can buy a home with far less of a down payment than 20%.
VA home loans offer many perks over standard loans, like purchasing a home without any down payment, better rates & lower closing costs.
Veterans and service members looking to utilize their VA loan benefit will likely want to begin by talking to a VA lender.
Searching for the perfect deal is stressful, but there are online tools that can help.
Whether you buy mortgage points or not, what really matters is how long you stay in one house.
From speaking with only one lender to buying a bigger house than you need, these mistakes can be costly.
Plus, how long can you wait for rates to drop? And will they ever drop again in your lifetime? The answer is probably.
When it comes to closings, the details make all the difference. Ask questions and make sure you understand what you're agreeing to.
Jumbo loans require banks to lend a lot of money to buyers, all without backing from the government, making them risky for lenders.
You'll want to consider your finances and personal circumstances when determining if you want a fixed-rate or adjustable-rate mortgage.
Increases in the Fed rate directly affect mortgage rates, which have a significant impact on the housing market.
When it comes finding providers for cable, internet and a home security system, it’s important to research the right option for you.
Most policies don’t cover damage from flooding, earthquakes or wind, but you may be able to purchase additional insurance.
When buying a new home, knowing what types of insurance you’ll need is a key step of the process.
Your home is a valuable asset, one that carries with it various opportunities for you to borrow against it throughout your lifetime.
Cashing in on your home's equity can help free up funds to spend on what you'd like.
If you're thinking about buying, selling, refinancing or anything in between, check out the Patch Mortgage Center today.