Sentences with phrase «to borrow against the value of one's home»

By borrowing against the value of your home, you get the best possible interest rate, and then you use that money to repay your higher interest rate debts.

Higher home prices over the last few years led many homeowners to believe they were wealthy, at least on paper, and as home prices soared many homeowners borrowed against the value of their home.

Home equity loan or line of credit: These products borrow against the value of your home.

Homeowners age 62 or over can apply for a reverse mortgage, a loan that allows them access a portion of their home equity while staying in their home and maintaining the title.4 The loan works by allowing seniors to borrow against the value of their home and defer mortgage payments until after the last remaining occupant has moved out or passed away.

If you already have a mortgage and would like to refinance or want to borrow against the value of your home, get the best rates that are currently available.

A Home Equity Line of Credit (HELOC) is a similar option allowing you to borrow against the value of your home.

With a home equity debt consolidation loan, you borrow against the value of you home, minus any other mortgages.

The surge in credit card borrowing comes as credit card default rates are gradually rising, albeit from low levels, and may reflect the fact that it has become harder for consumers to borrow against the value of their homes, both because home values have fallen in many markets and because mortgage lending standards have tightened.

After being nearly shut down with the collapse of housing prices during the Great Recession, lenders are once again opening up their wallets and allowing people to borrow against the value of their homes.

Borrowing against the value of your home is one of the smartest ways to finance home improvements.

The borrower does not relinquish ownership using a reverse mortgage loan, but rather, borrows against the value of the home's equity.