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.

Aug 8, 2018 ... The first calculation you will need to make is your loan to value ratio ( LTV). LTV is another way of getting a picture of how much you still ...

Dec 13, 2023 ... A home equity loan (HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your ...

Debt consolidation refinances increase mortgage debt, reduce equity, and extend the term on shorter-term debt and secure it with your property.

Mar 1, 2024 ... Home equity loans** create a second mortgage against your home. For that reason, they're also known as “second lien loans.” In this case, the ...

Oct 16, 2023 ... Using home equity to pay off student loans can be a smart option if you want to consolidate debt. It can also provide a way to potentially pay ...

Aug 31, 2018 ... Equity is the difference between the appraised value in your home and the amount you owe on it. You can see gains in home equity in two ways: ...

A home equity loan lets you borrow money using your home as collateral and repay it with fixed-rate interest over a term.

Our mortgage experts can help you find the best option to refinance or tap into your home's equity to get cash for remodels, repairs and more.

Get Cash Without Refinancing. With Mr. Cooper's home equity loan, you may be able to access your home's equity without losing the rate on your first mortgage.