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All-in-one home equity lines of credit (HELOCs) combine your credit line with your checking account—and sometimes even your mortgage—into one product. A key advantage is the ability to automatically transfer excess funds from your checking account to your HELOC balance for a faster payoff.  You don’t necessarily need an all-in-one HELOC to do that, though. […]

If your FICO score is between 740 and 850, give yourself a pat on the back: You have excellent credit. This tells lenders you manage your money—and your debts—responsibly. Because you’re deemed a more reliable borrower, lenders will let you borrow more for less. You’ll enjoy higher loan limits, lower interest rates, and even more […]

Many seniors use reverse mortgages to get extra money for retirement and living expenses. You usually repay the loan when you die, move out, or fail to keep up with home maintenance, taxes, and insurance. But what happens to your reverse mortgage if you need to move into a nursing home?  Below, we’ll discuss how […]

Are you considering a reverse mortgage but worried about falling victim to a scam? You’re not alone. Reverse mortgage scams are a growing concern for many older homeowners looking to access their home equity.  While not all reverse mortgage offers are fraudulent, it pays to be aware of the potential risks and red flags. By […]

Home equity lines of credit (HELOCs) let you borrow against the equity you have built in your home by extending an ongoing line of credit, similar to how you might use a credit card. However, the rate is often lower since your home equity backs it. You can use a HELOC for many purposes, such […]

Drivers may want to refinance an auto loan for several reasons—get a better interest rate, remove a cosigner, lower monthly payments, or tap into the car’s equity. While it’s possible to refinance an auto loan through a bank or dealership, credit unions can sometimes offer lower rates. However, some credit unions have membership requirements. Here’s […]

If you have fair credit—meaning, a FICO score between 580 and 669—it’s typically easier to be approved for a HELOC than an unsecured personal loan because your home is collateral, giving lenders more security if you default.  Still, a lower credit score means you’ll pay higher interest rates than borrowers with good or excellent credit, […]

It is possible to refinance a reverse mortgage, and with home values going up in many areas across the country, it may even make good financial sense. The key is to ensure you’re getting a better deal with the refinance when closing costs and interest rates are factored in.  Learn more about the eligibility requirements […]

Since 1960, Goldline has helped customers purchase precious metals, including gold, silver, platinum, palladium, and copper. Owned by A-Mark, a Fortune 500 company, Goldline offers multiple ways to buy these metals and invest. Goldline aims to help you diversify your portfolio and protect you against economic ups and downs. Goldline is a solid option for […]

Home equity lines of credit (HELOCs) aren’t just available through traditional banks and credit unions. With the rise of online lenders comes online HELOCs—and added convenience and efficiency. Online HELOCs not only spare you from commuting or waiting in line but also streamline the entire HELOC process. You can shop for HELOC rates, submit an […]