A home equity loan lets you borrow money based on the value of your home. It’s a second mortgage, but you can use the money for whatever you need—like home improvements, paying off debt, or life expenses.

A home equity loan lets you borrow money based on the value of your home. It’s a second mortgage, but you can use the money for whatever you need—like home improvements, paying off debt, or life expenses.

Funding to eliminate homeowners’ second lien loans. You can see what options your state offers by visiting the National Council of State Housing Agencies.

Learn how a home equity loan works, how to compare it with a HELOC, and what factors affect the interest rate and tax deduction. Find out the pros and cons of this type of consumer debt and use the calculator to estimate your monthly payments.

You may be able to receive cash by leveraging home equity through a refinance. Do you need cash for home improvements, a college education, or to consolidate non-mortgage debt? Do you have substantial equity in your home? Consider refinancing it and getting cash back.

Veterans can potentially cash out 90% of a home’s equity without paying for PMI. VA loans can also help you put more money in your pocket if you’re interested in a cash-out refinance. 3,4 As the name suggests, these refinances enable homeowners to turn home equity into cash.

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. Learn how to turn your home equity into cash with a low, fixed rate and no closing costs.

If you have a Fannie Mae or Freddie Mac Loan, please download Mortgage Assistance Application (MAA). For all other loan types, please download the Uniform Borrowers Assistance Application ( UBAF ). If you have further questions, you may contact customer service at 833-685-2566.

With Mr. Cooper’s Digital Loan Tracker, you can view real-time progress updates on your application status, upload financial documents, e-sign disclosures, and access mortgage professionals. Fast-track your loan payoff.

A home equity loan lets you borrow money using your home as collateral and repay it with fixed-rate interest over a term. Learn what a home equity loan is, how it works and how to compare rates and lenders.